2024-06-24 05:30:00 ET
Summary
- Forward revisions for the S&P 500 continue to be positive across all time trends, i.e., sequential, 4-week rate of change, and the 12-week rate of change for the quarterly estimates that were added for 2025, around April 1 ’24.
- A number of brokerage firms and Wall Street strategists have raised their S&P 500 targets for year-end 2024. S&P 500 earnings estimate revisions could be one reason why.
- 2023 was not great for Russell 2000 earnings, so 2024, particularly the back half of the year, will see very favorable "compares" against the same quarter of 2023.
This week, the blog is starting off with what I call the “spot curve” of the forward 4-quarter estimates of the S&P 500. (What does the forward 4-quarter estimate tell us 1, 2, 3 and 4 quarters from now?)...
Read the full article on Seeking Alpha
For further details see:
S&P 500 Earnings: Don't Ignore 2025 Estimates