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1352 days ago • Posted by Charles-Henry Monchau

Goldman Sachs is raising its 2020 S&P 500 estimates drastically

Kostin: "Given better-than-expected results, we lift our 2020 S&P 500 EPS estimate from $115 to $130 (-21% growth vs. 2019). Of the $15 increase, $11 reflects better 2Q earnings results. On a quarterly basis, we now expect year/year S&P 500 EPS growth of -20% in 3Q (vs. -30% previously) and -14% in 4Q (vs. -17% previously). Our estimates compare with consensus forecasts of -23% and -14%"

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