FTDS - S&P 500 Earnings: The Upward Revisions Are A Big Positive
2024-04-26 20:00:00 ET
Summary
- The forward 4-quarter estimate this week was $252.55, up from $252.51 last week.
- Assuming a close in the S&P 500 today around 5,100, the P/E ratio on the forward estimate is 20.2x.
- Assuming a 5,100 close, the S&P 500 earnings yield will fall back under 5% to 4.95% this week.
It was only after posting last week’s S&P 500 earnings update that it was realized that the data metrics usually posted each week were left off last week's blog post. Here’s last week's S&P 500 data:
- The forward 4-quarter estimate was $252.21, up $0.40 from the prior week's $251.81.
- The P/E ratio on the forward estimate last week was 19.7x.
- The S&P 500 earnings yield ended the week above 5% – 5.08% to be exact – for the first time since January 19th.