The unusual aspect to watching the weekly evolution of S&P 500 EPS estimates for ’24 through ’26, is that the revisions continue to be positive. Readers can continue to see the positive “rates-of-change” for the 2024 through 2026.
There is nothing about the S&P 500 EPS data that seems to indicate a problem with the US economy, at least as of today. This blog will drill down into some enterprise software estimate revisions since Salesforce this week, and post the results.Note how expected Q2 ’24 is expecting +10% EPS growth rate, while the expected revenue growth rate is 4.4% and has actually slid lower from 5% in early January ’24.
None of this is advice or a recommendation. Past performance is no guarantee of future results. Investing can involve loss of principal, even for short periods of time.In the US economy trends can last for a decade or more and then change suddenly based on an exogenous shock like a pandemic, or military action.
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