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DEEP - S&P 500 Earnings Update: Revisions Turned Slightly Negative (Again) This Past Week
Roundhill Acquirers Deep Value
Next week, readers will see the "quarterly bump" in the forward four-quarter estimate with the key metric expected to rise from $127.98 this week to the low $140 area as the forward estimate period will cover Q3 '20 through Q2 '21.
Looking at the forward S&P 500 EPS curve, the revisions this week turned slightly negative, reversing some of the progress made the last 4-6 weeks, but it shouldn't worry too many readers yet.
As readers can see, the latest week's revisions are a little more negative than last week.