Q3 Earnings Preview

There are only a few hours left in Q3. Wall Street’s consensus for the S&P 500’s earnings is down to $26.85. That’s down from $29.10 one year ago, and $30.27 eighteen months ago.

Despite the reduced estimate, if Wall Street hits it, that would be growth of 11.88% which would be the strongest in two years.

For Q2, the S&P 500 earned $26.36 which was up only 3.66% from the year before. That was the second-straight quarter of growth for the index. Both quarters in the latter half of 2012 saw earnings declines. There was a lot of talk of an earnings recession but it was more accurately a very modest decline.

Analysts currently peg full-year earnings for the S&P 500 at $107.87. For next year, they see earnings of $121.90.

Posted by on September 30th, 2013 at 11:16 am

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