Search Results for: global earnings

Performance – Over the Next 12 Months, Net % FMS Investors Think… Will high quality earnings beat low quality earnings over the next 12 months? Image: BofA Global Fund Manager Survey

S&P 500 Bottom-Up Consensus EPS Estimates Negative earnings revisions could put pressure on the S&P 500. Image: Goldman Sachs Global Investment Research

S&P 500 Total Return Decomposition Goldman Sachs expects S&P 500 returns to be moderate in 2022 and beyond, driven primarily by earnings growth. Image: Goldman Sachs Global Investment Research

S&P 500 – 2021E Sales and Profits Relative to 2019 Levels Will earnings growth drive the S&P 500 higher by the end of 2021? Image: Goldman Sachs Global Investment Research

Valuation of the S&P 500 and the Top 5 Stocks Relative to Interest Rates The earnings yield gap for the top 5 stocks is 191 bp, just above the 40-year average of 144 bp. Image: Goldman Sachs Global Investment Research

Inflation – S&P 500 LTM Sales Growth vs. Core CPI Since 1970 Rising inflation tends to boost S&P 500 earnings. According to Goldman Sachs, a 100bp increase in average annual core CPI would lift the S&P 500 EPS to $170 in 2021. Image: Goldman Sachs Global Investment Research

S&P 500 Trailing 4-Quarter EPS Goldman Sachs expects S&P 500 earnings to contract by 21% in 2020, before rebounding by 30% next year and 11% in 2022. Image: Goldman Sachs Global Investment Research

Annual S&P 500 EPS Growth Through 2022 Goldman Sachs expects S&P 500 earnings to contract by 21% this year, before rebounding by 30% in 2021 and 11% in 2022. Image: Goldman Sachs Global Investment Research

S&P 500 Price Return vs. 2021 EPS Revisions This chart highlights the positive correlation between price return and 2021 earnings revisions. Image: Goldman Sachs Global Investment Research

S&P 500 Year/Year EPS Growth Goldman Sachs maintains the 2020 S&P 500 EPS estimate of $110 and adjusts the quarterly path of earnings growth. Image: Goldman Sachs Global Investment Research