S&P 500 forward earnings surge ahead of prices, making stocks cheaper on forward basis
FROM THE WIRE · SEEKINGALPHA.COM
[Trading charts background] da-kuk/E+ via Getty Images S&P 500 forward earnings estimates have climbed 31% this year, far outpacing the index’s 11.4% gain and making stocks cheaper on a forward basis, according to a chart from Yardeni Research. The S&P 500’s forward…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe gap between rising earnings estimates and index prices suggests a lower forward valuation for US equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01S&P 500 forward earnings estimates have climbed 31% this year, versus an 11.4% index gain.
- 02The index's forward P/E ratio has fallen 13.5% year-to-date through October 23.
- 03According to a Yardeni Research chart, the index moved unevenly from February through early October.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
State Street SPDR S&P 500 ETF759.97 USDMarket closedtoday -0.52%Neutral Vanguard S&P 500 ETF698.58 USDMarket closedtoday -0.53%Neutral ProShares - Short S&P50032.66 USDMarket closedtoday +0.62%Neutral S&P 5007,623.68Market closedtoday -0.52%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets