Industry Analysts Bullish on S&P 500 Revenues

The charts below focus on revenues per share for the S&P 500/400/600 indexes. The consensus estimate for revenues per share rose further into record-high territory during the April 21 week, sending forward revenues per share to a new high. The analysts actually raised their revenues estimates faster than in previous weeks for all three indexes.

The same can be said about forward earnings per share—i.e., they are at record highs for all three indexes. Just as impressive is that the forward profit margins we calculate by dividing analysts’ earnings estimates by their revenues estimates remain near recent record highs. On balance, the analysts obviously like what the companies they follow have been saying during the current earnings reporting season.