Expectations vs Reality
Analysts’ estimates remain far too high given this troublesome background, essentially a no-growth baseline. And so quarter after quarter the rebound loses energy and momentum, a more accurate reflection of almost totally lost (global) potential. When Q4 started in October, EPS expectations were for $29.04, leading to a ttm figure finally back over $100. As of the latest update, where 86% of companies have reported for Q4, EPS is instead estimated to have been just $26.37 for the quarter and only $96.76 for 2016 as a whole.