StockFetcher Forums · General Discussion · Source for SP 500 earnings<< >>Post Follow-up
glgene
535 posts
msg #102610
Ignore glgene
9/15/2011 11:46:24 PM

With all the talk about current vs. 2012 projected levels of SP 500 earnings, could someone tell me a good source to get that info? The $64k question: Will 2012 be less than $100 in earnings? Or not? The source of tabled info?

Gene

straken
469 posts
msg #102624
Ignore straken
9/19/2011 6:01:06 PM

Look at the Standard and Poor's website you'll see there are five different answers to your question because there are five different earnings categories you can use as the E in your P/E ratio.
Economists and analysts that issue reports on the macroeconomic outlook report that earnings estimates for the S&P 500 will grow or decline over the coming year based on macro factors using Generally Accepted Accounting Principles (GAAP), so based on the macroeconomic reports using the GDP method it has been revised below $100 for earnings forward looking. Using the trailing P/E method it is still greater than $100 but not by much.
Basically its how well the GDP will perform, which doesn't look very promising but yet still has so many variables that have yet to come into play. These numbers are changed and manipulated so much these days that I believe there is no real dicernable way to accurately forcast them when volatility is this high and currency markets are unstable. The outlook will have to greatly change for S&P earnings forcasts to better the $100 mark in my opinion.


glgene
535 posts
msg #102627
Ignore glgene
9/19/2011 10:11:05 PM

Thanks, Straken...

After listening to Kudlow tonight, $100 for 2012 seems "high."

Gene

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