S&P 500 Earnings Update: Forward EPS Estimates Still Seeing Higher Revisions

Brian Gilmartin, CFA11.19K FollowersFollow5ShareSavePlay(7min)CommentsSummaryThe S&P 500 earnings yield jumped to 4.92% this week, the highest print since last April 4th, ’25’s 5.50% at the Liberation Day lows.The “forward 4-quarter estimate” ended this week at $319.98, versus last week’s $316.89 for a sequential increase of 1%.The S&P 500 P/E multiple is rapidly contracting as EPS estimates are rapidly rising for the benchmark, mainly thanks to technology hardware EPS growth. Jira Pliankharom/iStock via Getty Images Five – six weeks into the Iran conflict, the most surprising aspect of the S&P 500 earnings data is that the sell-side is still revising forward S&P 500 EPS estimates higher for the benchmark, not necessarily for allThis 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.