Brian Gilmartin | Dec 09, 2018 11:05PM ET
Rather than put the summary at the bottom as is usually done, the important observations from the data from both Factset and IBES by Refinitiv data are found at the top this week:
Summary / Conclusion: Revenue estimates for Q4 ’18 have seen little downward revisions by either IBES by Refinitiv or by Factset in the last 10 weeks, with full-year 2019 has softened a little from an already-reduced expectations after 2018’s tax-reform influence. I hate to sound like a broken record, but I dont see much to worry about in either Q4 ’18 or 2019 (yet) from an S&P 500 earnings or revenue perspective.
Maybe it happens with Q4 ’18 earnings releases and 2019 full-year guidance in January ’19.
The point is whatever is happening with the stock market these days, I dont think it is earnings related.
Remember, when the 1987 Crash occurred, S&P 500 earnings fell 5% in 1987, but grew 15% and 46% in 1988, and 1989.
Sometimes the market does what it does, in spite of S&P 500 earnings and revenue growth.
IBES by Refinitiv – S&P 500 Earnings Growth estimates by Sector:
IBES by Refinitiv – S&P 500 Revenue Growth by Sector:
Factset – S&P 500 Earnings Growth estimates for Q4 ’18: (Factset uses a 9/30 compare vs the 10/1 used by IBES by Refinitiv)
Factset – S&P 500 Revenue Growth estimates for Q4 ’18: (Factset uses a 9/30 compare vs the 10/5 used by IBES by Refinitiv)
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