S&P 500 Earnings Climbing Higher

S&P 500 earnings per share are heading up according to industry analysts. We agree. There was lots of pessimism over the past year, with a few influential Wall Street strategists predicting that this year’s result could break bad, i.e., below $200. We stuck with our projections of $225 for this year and $250 for 2024, which seemed farfetched (if not delusional) late last year. But then again, we were in the soft-landing camp, not the hard-landing one.

Let’s review the latest earnings-related developments and compare our forecasts to the latest consensus of industry analysts: