S&P500 EPS Surprises & Analyst Revisions (9/6/2009)
This week we are looking at current trends in Earnings Per Share (EPS) performance vs. Wall Street Analysts expectations for all 500 firms in the S&P 500. For the most part the trends below are bullish…
Big beats (10% positive surprise or more) have really spiked – bullish
Percent of firms beating estimated EPS is also on the rise – bullish
The median surprise is positive and on the rise – bullish
On net, the trend in EPS forecast revisions for both 2009 and 2010 is positive – bullish
Over the last 90 days, the forward EPS estimates for 2009 and 2010 are each up – bullish
Over the last 7 days, the forward EPS estimates for 2009 and 2010 are each down – bearish
At 1016, the S&P 500 is trading just above our range of fair value – bearish
Data sources: Yahoo! Finance, Standard & Poors
