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S&P 500 - Index-earnings (April 2018)

S&P 500 - Index-earnings (April 2018)

One of the key financial market driver should be the Healthy US profit growth (according to UBS-Bank). Adding it all up, UBS estimates S&P 500 EPS ("index-earnings") will rise 16% to USD 154 in 2018, up from 12% growth in 2017. Earnings growth...

S&P 500 consensus forward EPS estimate (March 2018)

...should slow to a trend rate in 2019 as the one-time boost from a lower tax rate goes away. We forecast 5% growth to USD 162 in 2019 (As a back-of-the-envelope calculation: If you multiply USD 162-earnings times 17 you will arrive at an Index-level of ca. 2,750 points).

According to UBS: Fears that high profit margins will decline in the near term appear overblown. Excluding the tech sector, margins are not excessive, in their view. The tech sector's high margins are supported by companies that have dominant market shares in their end-markets.

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