Earnings Insight - Key Metrics
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Earnings Scorecard: For Q4 2019 (with 77% of the companies in the S&P 500 reporting actual results), 71% of S&P 500
companies have reported a positive EPS surprise and 67% of S&P 500 companies have reported a positive revenue surprise. -
Earnings Growth: For Q4 2019, the blended earnings growth rate for the S&P 500 is 0.9%. If 0.9% is the actual growth rate
for the quarter, it will mark the first time the index has reported year-over-year growth in earnings since Q4 2018 (13.3%). -
Earnings Revisions: On December 31, the estimated earnings decline for Q4 2019 was -1.7%. Nine sectors have higher
growth rates today (compared to December 31) due to positive EPS surprises. -
Earnings Guidance: For Q1 2020, 51 S&P 500 companies have issued negative EPS guidance and 25 S&P 500 companies
have issued positive EPS guidance. -
Valuation: The forward 12-month P/E ratio for the S&P 500 is 18.9. This P/E ratio is above the 5-year average (16.7) and
above the 10-year average (15.0).
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