Wall Street analysts have been busy publishing their predictions for 2016 over the past four weeks. Analysts are now (December 31) in aggregate are projecting record-level S&P 500 EPS in 2016 of $126.94. However, according to a new report from FactSet Insight, based on historic trends, this forecast is likely to be 7.5% above the final reported figure for the year. S&P 500 forecasts: Out by 7.5% FactSet’s data shows that over the past 15 years the average difference between the bottom-up EPS estimate at the beginning of the year and the final EPS number for that same year has…
S&P 500 Forecasts: Beware The Predictions
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