With 80% of the S&P 500 (INDEXSP:.INX) having already reported (by market cap), 2013 earnings were up 11% over 2012, led by the financial industry's impressive 31% EPS growth. S&P 500 2013 EPS is at $108 on an operating basis and $110 on an adjusted basis (11% and 6% growth respectively). Excluding financials and utilities, revenues were up by just 3%.
“We expect S&P 500 (INDEXSP:.INX) will earn $116 per share in 2014, 2% below the current bottom-up consensus EPS estimates of $118. Our sales growth forecast of 6% is in-line with consensus. We forecast net margins...
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Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually