|From The Blog of HORAN Capital Advisors|
- The estimated growth rate for earnings in Q1 for S&P 500 companies is 18%.
- The forward four quarter P/E ratio for the S&P 500 Index stands at 12.9.
- Through the end of April, 324 companies have reported earnings, with 84% either exceeding or meeting expectations.
- Companies are reporting earnings that are 7% above estimates which is greater than the 2% longer term average surprise factor.