The expectations of investors for S&P 500 earnings continued to fall in the three months since our last snapshot of them.
Since peaking ahead of Summer 2013 at $108.18, the collective amount of earnings per share now expected to be earned by S&P 500 companies through the end of 2013 has fallen to $97.82 per share.
This is the lowest level that investors have projected for trailing twelve month earnings per share for 2013 since S&P's forecast for 2013 was first projected in January 2012.
Silverblatt, Howard. S&P Indices Market Attribute Series. S&P 500 Monthly Performance Data. S&P 500 Earnings and Estimate Report. [Excel Spreadsheet]. Last Updated 14 November 2013. Accessed 20 November 2013.
Political Calculations is a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.
Be the first to read Political Calculation's column. Sign up today and receive Townhall.com delivered each morning to your inbox.