Q3 Earnings Update

Here are the latest numbers from S&P (which are slightly different from Bloomberg’s, don’t ask me why).

For the S&P 500; 214 companies have reported so far, 145 beat estimates, 45 missed and 24 were inline.

Earnings are tracking at $24.91 which is a 15.5% increase over last year. It’s also a 0.2% increase over the $24.86 from Q2.

The estimate for Q4 is $25.15 which translates to $97.48 for all of 2011. Since most of the data is in, we can assume that’s pretty accurate.

Going further out, that’s hard to say. The current estimate is $108.75 for 2012 which I think is too high.

Here’s an odd fact: The earnings for third-quarter are on track to be more than 75% higher than those of the third quarter in 2000. Yet the S&P 500 is down 10% from 11 years ago today. As I said, multiple contraction ain’t much fun.

Posted by on October 26th, 2011 at 12:41 pm


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