Bottom-Up Consensus S&P 500 EPS Estimates Goldman Sachs expects the S&P 500 to see stronger earnings growth in the second half of 2024, driven by resilient economic conditions and sales growth. Image: Goldman Sachs Global Investment Research
Stocks – Indexed Consensus NTM Net Income The widening gap in expected net income between mega-cap tech stocks and the bottom 493 stocks of the S&P 500 highlights the concentration risk and volatility associated with the dominance of these tech stocks in the index. Image: Goldman Sachs Global Investment Research
Difference Between Initial Release and Consensus Expectations of U.S. GDP U.S. GDP was one of the biggest upside surprise compared to consensus expectations, highlighting the challenges of accurately forecasting economic trends and outcomes. Image: BofA Global Research
Change in S&P 500 Quarterly EPS Consensus Excluding the one-offs, consensus estimates for the fourth quarter of 2023 have experienced just a slightly more pronounced reduction compared to previous periods, which can be seen as a positive sign. Image: Deutsche Bank Asset Allocation
Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate S&P 500 EPS revisions for 2024 are showing a more favorable trend compared to both the previous year, 2023, and the average revisions seen historically, which could potentially contribute to a positive sentiment in the market. Image: Goldman Sachs Global Investment Research
GDP Consensus Forecasts Optimistic U.S. GDP forecasts suggest that there is confidence in the underlying strength of the U.S. economy. Image: BofA Global Research
Consensus U.S. GDP Growth Could the United States experience a significant deceleration in GDP growth in the near future? Image: Deutsche Bank Asset Allocation
Revision to Consensus S&P 500 3Q EPS 2Q EPS fell by just 2% over the last 3 months, compared to the usual 4%. Image: BofA US Equity & Quant Strategy
FMS Investors – Net % Say Corporate Earnings Will Improve vs. S&P 500 Consensus Forward EPS Will analysts continue to lower S&P 500 earnings estimates? Image: BofA Global Fund Manager Survey
S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield Can U.S. Treasury bonds be considered more attractive than U.S. stocks at present? Image: Morgan Stanley Research
Consensus Net Income – S&P 500 vs. S&P 500 ex Energy Have U.S. equities fully priced in the risk of recession? Image: Morgan Stanley Research