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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (2800)8/31/2002 5:04:37 PM
From: Gottfried  Read Replies (1) | Respond to of 25522
 
Brian, right. Besides a low interest rate environment allows higher P/E.

S&P 500 earnings and estimates as of August 21, 2002:

The S&P 500 closed at 949.36

Top Down:
Year 2004 top down operating estimate was $59.70, P/E 15.9
Year 2003 top down operating estimate was $51.70, P/E 18.4
Year 2002 top down operating estimate was $44.70, P/E 21.2
Year 2004 top down 'as reported' estimate was $53.70, P/E 17.7
Year 2003 top down 'as reported' estimate was $45.00, P/E 21.1
Year 2002 top down 'as reported' estimate was $34.11, P/E 27.8
The 12 month March, 2003 top down 'as reported' estimate was $36.52, P/E 26.0

Bottom Up:
Year 2003 operating earnings estimate was $59.66, P/E 15.9
Year 2002 operating earnings estimate was $48.48, P/E 19.6
The 12 month March, 2003 operating estimate was $51.05, P/E 18.6
The 12 month March, 2002 operating earnings was $38.97, P/E 24.4

The 12 month March, 2002 'as reported' earnings was $24.70, P/E 38.4

spglobal.com



To: Proud_Infidel who wrote (2800)9/1/2002 9:42:15 AM
From: stomper  Respond to of 25522
 
spglobal.com

-dave