S&P 500 Earnings And A StyleBox Update For March 31, 2026

Brian Gilmartin, CFA11.19K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe forward 4-quarter estimate (FFQE) for the S&P 500 increased to $338.29 from last week’s $322.20. That's a $16 and change jump for the FFQE.Even with the rally last week, the S&P 500 earnings yield still moved higher on the week, from last week’s 5.06% to this week’s 5.14%. It was the big jump in the FFQE thanks to the quarterly roll which pushed the S&P 500 earnings yield higher.Q4 ’25 S&P 500 EPS and revenue growth ended the quarter at +14.1% and +9.2% after starting the quarter at +8.9% expected EPS growth and +7.3% expected S&P 500 revenue growth.Q1 ’26 is starting off the quarter +14.4% expected EPS growth and +9% expected revenue growth (again). AlexSecret/iStock via Getty Images The forward 4-quarter estimate (FFQE) for the S&P 500 increased to $338.29 from last week’s $322.20. That's a $16 and change jump for the FFQE. However, the percentage increase is normal given the roll-forward in the FFQE from Q1 ’26-Q4 ’26 to Q2 ’26 through Q1 ’27.This article was written byBrian Gilmartin, CFA11.19K FollowersFollowBrian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.