· Sales: 7.9% (-1.0% vs 5/9 data)
· Earnings: 14.7% (-0.8% vs 5/9 data)
The changes in the past month are disappointing but the narrative of the season was already established and these revisions at the tail of the season aren’t going to change attitudes. What we should focus on are the raw growth numbers. Both sales growth and earnings growth are good numbers. The bulls win the season, no doubt about it. The pudding had proof.
Let’s see what the analysts think.
Show me the money
Bottoms up estimates vs. 14 weeks ago
Earnings…
'16 earnings were $118.73
'17 estimates are $129.71… up $0.63
'18 estimates are $145.15… up $0.60