Ghost of Igloi wrote:
agip, Big, Muy loca, POTO, et al:
OK, off the GAAP and non-GAAP numbers. Lets just use the Wall Street standard of Operating Earnings for a little fact versus fantasy experiment. The high for Last Twelve Month (LTM) S&P 500 Operating Earnings was Quarter 3 2014 (09/30/2014) at $114.51 a share. LTM Q3 2015 Operating Earnings was $104.14, and LTM Q4 2015 with approximately 90% of the companies having reported is estimated to be $102.74.
Wall Street analyst have based their S&P 500 2016 price target on an average earnings of $120.16, and 2017 at $138.03. Seems like a stretch to me.
well that's again walking into the weeds of the huge earnings decline of oil and materials companies. That's the reason for most of the decline in earnings. How relevant that is...that's the question.