Today in Groupthink: Wall Street's S&P 500 Estimates

Run, don’t walk, to read Jonathan Cheng’s excellent Herd on the Street piece that the above graphic comes from.  It appears The Street may as well just be one guy at this point, the analyst herd is practically marching in single file with their S&P 500 earnings estimates right now:

…analysts are more clustered than ever in their profits estimates, says Savita Subramanian of Bank of America-Merrill Lynch. According to her calculations, estimate dispersion for S&P 500 company earnings are now down below 10% — the lowest that figure has been since at least Feb. 1986 (check the chart). In other words, it’s been at least 25 years since analysts were in such close agreement about where earnings are likely to land.

But hey, maybe they’ll all be right and this clustering will have been appropriate.  What do I know – it’s not like I’m brave enough (or foolish enough) to try to estimate the earnings of 500 companies 12 months from now, lol.


Herd On The Street: Company Analysts All In This Together (WSJ)

What's been said:

Discussions found on the web
  1. Bitcoin Evolution Review commented on Sep 23

    … [Trackback]

    […] There you can find 7975 additional Information to that Topic: […]

  2. old facebook design commented on Sep 25

    … [Trackback]

    […] Find More on that Topic: […]

  3. Satin Pillowcase benefits commented on Sep 27

    … [Trackback]

    […] Read More on to that Topic: […]

  4. immediate edge fake commented on Sep 28

    … [Trackback]

    […] There you can find 22764 additional Info on that Topic: […]

  5. bitcoin evolution commented on Oct 01

    … [Trackback]

    […] Here you can find 67580 additional Info on that Topic: […]

  6. Keltec Guns for Sale commented on Oct 14

    … [Trackback]

    […] Read More on that Topic: […]

  7. Online reputation management solutions commented on Nov 23

    … [Trackback]

    […] There you can find 23614 more Information to that Topic: […]

  8. CI/CD commented on Dec 20

    … [Trackback]

    […] Information on that Topic: […]

  9. 토토패스 commented on Dec 28

    … [Trackback]

    […] Info to that Topic: […]

  10. environmental phase 1 commented on Dec 30

    … [Trackback]

    […] Information to that Topic: […]

  11. Ängebackens bilskrot commented on Jan 23

    … [Trackback]

    […] Find More Info here to that Topic: […]