Tag Archive: Earnings Per Share EPS

Clickbait: Bernanke Terrifies Stock Investors, Again

2017-05-03

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2017-05-03

Unstable GDP Revised, April 2011 - April 2017
If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it.

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Earnings per Share: Is It Other Than Madness?

2017-04-16

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2017-04-16

S&P 500 Earnings Per Share 2014-2018
As earnings season begins for Q1 2017 reports, there isn’t much change in analysts’ estimates for S&P 500 companies for that quarter. The latest figures from S&P shows expected earnings (as reported) of $26.70 in Q1, as compared to $26.87 two weeks ago. That is down only $1 from October, which is actually pretty steady particularly when compared to Q4 2016 estimates that over the same time plummeted from $29.04 to $24.16. At $26.70, that would...

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The Inverse of Keynes

2017-03-26

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2017-03-26

S&P 500 EPS Q4 2016
With nearly all of the S&P 500 companies having reported their Q4 numbers, we can safely claim that it was a very bad earnings season. It may seem incredulous to categorize the quarter that way given that EPS growth (as reported) was +29%, but even that rate tells us something significant about how there is, actually, a relationship between economy and at least corporate profits.

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The Market Is Not The Economy, But Earnings Are (Closer)

2017-02-23

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2017-02-23

S&P 500 EPS April 1996 - April 2016
My colleague Joe Calhoun likes to remind me that markets and fundamentals only sound like they should be related, an observation that is a correct one on so many different levels. Stock prices, in general, and GDP growth may seem to warrant some kind of expected correlation, but it has proven quite tenuous at times especially in a 21st century sense.

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