An ‘Extremely Low Bar’: Goldman Raises S&P EPS Forecasts After FAAMG-Assisted Quarter

An ‘Extremely Low Bar’: Goldman Raises S&P EPS Forecasts After FAAMG-Assisted Quarter

The bar was extremely low. The most challenging earnings season in living memory is now (basically) on the books, and results did manage to come in ahead of expectations, although that's not saying much. In a note dated Friday afternoon, Goldman writes that with 88% of the S&P 500 market cap having reported, 58% of firms posted a one standard deviation EPS beat. That, the bank's David Kostin notes, "is well above the long-term average of 47% and nearly matches the previous record high from
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2 thoughts on “An ‘Extremely Low Bar’: Goldman Raises S&P EPS Forecasts After FAAMG-Assisted Quarter

  1. I get it. Tech is the new utilities, Yet it still shocks me that companies did not take the opportunity to “kitchen sink-it” in this quarter which suggests there is more resilience than might be obvious

  2. $130 in earnings this year with the massive tax cut in 2018 combined with all time low rates and a decade of buybacks. In 2007 we did about $93 (of course over earnings banks skew that). The market was 1535 in oct 2007 and almost 3400 now. Potential growth is lower today than 13 years ago and corp balance sheets are much more levered. Rates were mid single digits in 07 and now mid 100bps.

    Ok, I see the Bull Case……………………

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