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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (53005)	7/14/2020 2:01:37 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67756

It looks like Factset is projecting a 44.6% drop in profits of SP500 companies in the second quarter as companies start to report in the next few weeks. factset.com Key Metrics ? Earnings Growth: For Q2 2020, the estimated earnings decline for the S&P 500 is -44.6%. If -44.6% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%). ? Earnings Revisions: On March 31, the estimated earnings decline for Q2 2020 was -13.6%. All eleven sectors have lower growth rates today (compared to March 31) due to downward revisions to EPS estimates. ? Earnings Guidance: For Q2 2020, 27 S&P 500 companies have issued negative EPS guidance and 22 S&P 500 companies have issued positive EPS guidance. The total number of S&P 500 companies issuing EPS guidance for Q2 (49) is well below the 5-year average for a quarter (106). ? Valuation: The forward 12-month P/E ratio for the S&P 500 is 22.0. This P/E ratio is above the 5-year average (16.9) and above the 10-year average (15.2). ? Earnings Scorecard: For Q2 2020 (with 19 companies in the S&P 500 reporting actual results), 15 S&P 500 co