The Outlook For Earnings Just Keeps Getting Worse

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, May 13, 2013 The Outlook For Earnings Just Keeps Getting Worse Q1 earnings season is wrapping up with 92% of the S&P 500 having already reported their earnings. "In aggregate, companies have exceeded EPS estimates, modestly missed on revenues, and continued to issue negative guidance," notes Morgan Stanley's Adam Parker. Regarding that last point, Parker adds that the negative-to-positive guidance ratio is at a multi-year high of 4.1.  The average since Q1 of 2005 is 2.4. "Negative 2013 guidance has driven analyst estimates lower," said Parker. "Over the past month, analysts have revised down their 2013 S&P 500 estimates 0.3%. As you can see from the chart, the outlook for earnings has only been going down. "We expect S&P 500 EPS of $103 and $110 in 2013 and 2014, well below consensus estimates of $111 and $124," added the bearish Parker. Read » Also On Money Game Today: 9 More Super-Controversial Math Facts That People Refuse To Believe Are True BofA: 92% Of Investors Are Expecting A Great Summer, And 'No One Is Worried' About Rising Rates Advertisement CHART OF THE DAY: The College Bubble Has Popped CHART OF THE DAY: The Short Sellers Are Getting Destroyed CHART OF THE DAY: It Doesn't Take A Genius To See Something Fishy In China's Trade Data Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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