Upward revisions to earnings estimates for the S&P 500 have been overly optimistic, said Adam Parker, chief investment strategist at BernsteinResearch, in a report Tuesday. Consensus estimates for 2010 imply 30% growth in earnings per share to $82 a share in 2010, and 18% growth to $97 a share in 2011. In contrast, Parker predicts 25% EPS growth for 2010, to $79 a share, and 9% growth in 2011 to $86 a share – MW
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!