CLIX - S&P Forecasts And Strongly Outperforming Funds
Average analyst S&P 500 forecasts and S&P history Factoids:
- 2020 operating earnings: -21.1% and revenue: -3.7%
- 2021 operating earnings: +28.0% and revenue: +8.4%
- Net effect (2021 vs 2019): 2-year earnings about 1% higher and revenue about 4% higher.
- Standard & Poor’s forecasts 12.51% forward 5-year operating earnings growth rate
- S&P 500 published history is 5.06% 20-year and 9.09% 30-year operating earnings growth
- Current forward P/E is 22.3 versus 5-yr avg 16.9, 10-yr avg 15.2 and 20-yr avg 15.4
Overall forecasts seem optimistic compared to history and visible potential 1 to 2-year earnings problems.
Goldman Sachs