July 2009, Wall Street firms estimate the S&P 500 will earn $74.54 a share next year (2010), up from $72.54 in May. Stocks traded at 13.18 times estimated profit, indicating a 26 percent increase in the S&P 500 should the index return to its five- decade average of 16.54 times annual income.
In June 2007 Wall Street estimate $72 a share for 2008 end up $48 a share actual
In July 2008 Wall Street estimate $70 a share for 2009 end up $42 a share estimate in Jan 09
The changes in estimates is unbelievable. From a $72 to $42 a share, so now, they are doing it again, estimating $74 for 2010, so I believe the actual will be around $42-$48 a share by end of 2010.
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