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SFY - S&P 500 Earnings Update: Green Shoots On Forward S&P 500 Earnings
SoFi Select 500
First, let's take a look at the last five years of annual S&P 500 EPS and the year-over-year (y/y) growth rate:
2019: $162.93 for +1% y/y growth
2018: $161.93 for +23% y/y growth (tax-reform aided)
2017: $132.00 for +12% y/y growth
2016: $118.10 for 1% y/y growth
2015: $117.46 for -1% y/y growth
The current 2020 S&P 500 EPS estimate (as of IBES by Refinitiv's Friday May 1, 2020, This Week in Earnings) is $130.90 for an "expected" y/y decline of -20%.
Some smart prognosticators, and I believe one was Ed Yardeni, thought the 2020