while real incomes are being squeezed for the fourth year in a row, with retail prices rising at 3.3 % pa, more than twice as fast
as average earnings at 1.4 % as announced on February 12th 2013.
Not exact matches
Shares whipsawed before settling up 3 percent after hours
as investors digested the good news of an
earnings beat and higher
average iPhone sales price, mixed with disappointing news around forward guidance.
Some franchisors will include this
earnings claim
as item 19 in the FDD, which shows the
average franchisee's revenue and profitability, according to Siebert.»
Meanwhile in the U.S., the Dow Jones industrial
average finally edged above the elusive 20,000 threshold and continued higher
as investors digested a host of
earnings reports.
Apple, hard to characterise
as an out and out manufacturer or pure technology play, currently trades at 13.5 times its estimated
earnings for the next twelve months, higher than its five - year
average of close to 13.
It gives the most accurate picture of the market P / E by calculating a ten - year
average of inflation - adjusted
earnings as the «E,» a formula that eliminates the bigs swings that make P / Es look overly extended when profits temporarily collapse, and more attractive than warranted when
earnings spike, the scenario today.
CEO Tim Cook, Steve Jobs» down - to - earth successor, couldn't help himself on the
earnings call, describing the quarter
as «historic» and his company's performance — selling an
average of 34,000 iPhones an hour, 24/7 —
as «hard to comprehend.»
Over that past 20 years, the price - to -
earnings ratio of the Nasdaq Biotechnology Index has
averaged 2.3 times the S&P 500 P / E ratio; today, the current ratio is mere 1.3 x, a 54 percent discount to its 20 - year
average (according to Thomson Reuters,
as of Sept. 26, 2017.)
On Wall Street, the Dow Jones industrial
average hit a record high on Monday
as Wall Street cheered on what's been a strong
earnings season.
In general, so - called value stocks — often defined
as those trading at
earnings multiples below the market
average or their own historical norms — have tricked a lot of investors in the most recent phase of the current bull market, which has worn on nearly seven and a half years.
But Exxon pays half its annual bonus in cash immediately and in its proxy, it cited one - and five - year return on
average capital, current - year and five - year
average earnings, and current - year
as well
as the ten - year
average annual shareholder returns
as part of the justification for its pay.
As a positive
earnings report from Delta Air Lines boosted the
averages on Thursday, CNBC's Jim Cramer noticed some unusual trading action occurring that he pegged to the bull.
Developed by Yale economist Robert Shiller, it uses not current
earnings - per - share
as the denominator, but a ten - year
average of inflation - adjusted EPS.
Yet
earnings as a share of national income have surged to near records, hitting 9 % in recent years, 50 % over their pre-2008, long - term
average of 6 %.
A separate Labor Department report showed
average hourly
earnings adjusted for inflation are weakening, not strengthening —
as Fed officials hope and market participants fear.
The amounts are expressed
as percentages of pre-retirement
earnings;
earnings are expressed
as fractions or multiples of
average wages and salaries (i.e. replacement rates); and the YMPE under the C / QPP serves
as a proxy for
average wages and salaries.
As can be seen in Figure 1, on
earnings up to one - half
average wages and salaries, the benefits from Canada's publicly administered programs meet the commonly used replacement rate target of 70 per cent of pre-retirement
earnings.
Examples of such projects providing marginal benefits are: improving financial reporting systems through better information technology, minor tweaks to supply chain logistics, cutting back on marketing or increasing low - cost advertising (like social media), «rationalization» of head count, holding
average wages
as low
as possible, squeezing suppliers a little bit, not repatriating
earnings to stave off taxation, refinancing rather than retiring debts, and the share buyback that is insensitive to a company's current stock price.
He notes that the stylized individual with
earnings that track the YMPE closely over an entire working career are rare and that replacement rates for people who have lifetime
average earnings close to the YMPE often have replacement rates from OAS and CPP well below 40 %,
as a result of fluctuations in their
earnings in relation to the YMPE.
Unadjusted career
average earnings will result in a smaller denominator than career
average earnings that are adjusted to reflect wage growth,
as in the C / QPP benefit rate calculation, and both are likely to be lower than a measure of best
average earnings for people whose
earnings are high relative to
average earnings for limited periods of time.
Based on data from the American Community Survey, there is a racial and ethnic pay gap
as well: Asian Americans reported the highest
average earnings in STEM occupations, while non-Hispanic whites also had above
average earnings; black and Hispanic professionals earned below
average wages in 2012.
In Table 1, benefits provided by Pillars 1 and 2 are expressed
as replacement rates at three levels of
earnings: 0.5 times
average wages; 1.0 times
average wages; and 1.5 times
average wages.
As earnings increase beyond the level of
average wages and salaries, the gap to be filled continues to increase.
MCD did experience a death cross at the beginning of April, but with today's
earnings report, has now surpassed all three of its core moving
averages (50, 100, and 200),
as well
as its three - month - long trading range between $ 160 and $ 140.
Earnings at the company, doing business
as Regional Finance, beat analysts»
average estimate in a Bloomberg survey by the widest margin since it went public in March 2012.
Equity markets have appreciated sharply in recent years, and valuations, based on price - to -
earnings ratios, in developed markets were not cheap relative to their historical
averages as of late 2017.
-- > The value of investing in relationships for the long - haul — > Investing in your health and longevity
as a way to increase your lifetime
earnings — > Why longer life expectancies should change the way you think about investing — > The shockingly low rate of personal savings and investment in the US — > My favorite part of the interview: whether we can reasonably expect the US markets to keep going up at their long - term
average 7 % per year after inflation, or whether that was a unique period of US expansion which won't be repeated again.
We then created an investment performance index by calculating annual
earnings on investments
as a percentage of
average total assets.
Strong
earnings from Netflix after the bell, up
as much
as 7 % premarket, boosted what began
as an unenthusiastic breakout on lower than
average volume due to the session already gaining 1 %.
Japan's Nikkei share
average raced to a seven - week high on Wednesday morning
as risk sentiment recovered after Wall Street rose overnight on
earnings hopes, lifting shares across the board.
Solid
earnings performances from Corporate America and an in - line update from the Federal Reserve did little to spur a recovery from softness in the first part of the week, with the Dow Jones Industrial
Average diving about 200 points into the red
as the closing bell approached.
Trading at 18.1 times $ 154 in 2018
earnings, assuming the upward estimate revisions continue, the S&P 500 remains at a P / E above its historical
averages, just perhaps not
as high
as it looked previously.
As the S&P 500 has notched another 14.5 percent gain in 2017, the index is now trading at about 19 times
earnings, considerably above a longer - term
average that's closer to 14 times.
As anticipated, the
average loan volume contraction and some reduction in margin put structure in our net
earnings.
Japan's Nikkei share
average raced to a seven - week high on Wednesday
as risk sentiment recovered after Wall Street rose overnight on
earnings hopes, while a weaker yen lifted shares across the board.
Figure 1 shows that the difference between return on invested capital (ROIC) and weighted
average cost of capital (WACC), also known
as the economic
earnings margin, explains 67 % of the changes in valuations between stocks in the S&P 500 [1].
«We expect
average hourly
earnings to rise 0.2 per cent month over month,
as reference week effects suggest a high bar for a 0.3 per cnet or higher print.
The
average annual return for each portfolio from 1926 through 2015, including reinvested dividends and other
earnings, is noted,
as are the best and worst one - year and 15 year returns.
But stock performance has actually outpaced gains in
earnings, and
as a result, US equity valuations appear stretched
as we begin 2018 — for example, the S&P 500's price -
earnings ratio is well above longer - term historical
averages.
Hi Steve: According to the Stats Canada release last week,
average weekly
earnings are up over the last year in most provinces and for Canada
as a whole - but they are down in Ontario and Nova Scotia.
Average hourly
earnings are currently running a little over 2 % on a year - over-year basis,
as of February.
US large - cap stocks returned more than 9 percent in the first half of 2017, the most since 2013, and although prices are close to all - time highs, analysts are of the opinion that valuations are not very expensive for a majority of these stocks,
as stronger
earnings upped the price - to -
earnings ratio, which has generally remained above
average for quite a few years.
Longer - term metrics, such
as cyclically adjusted price - to -
earnings, or CAPE, ratios, are even more troubling, suggesting that U.S. stocks are likely to produce, at best,
average to below -
average returns over the next five years.
In VFC's case, that basic estimate is based on reference point price - to -
earnings ratio (P / E) of 15, which is the long - term
average P / E of the stock market
as a whole.
The Dow Jones Industrial
Average midday Tuesday was trading sharply lower, with only a trio of companies in the green
as Wall Street investors awaited the Federal Reserve's policy update on Wednesday and an
earnings later in the day from Apple Inc..
Average weekly
earnings data for May showed a sharp increase in ordinary - time
earnings growth, although the quality of this series
as an indicator of wage growth over the short term is poor.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak
earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and
average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence
as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
as measured by breadth and other market action, and complacency at best and excessive bullishness at worst,
as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
As a result, the S&P 500's price /
earnings ratio has fallen to its lowest level since 1997 — although it remains well above its long - term
average (Graph 22).
In August, the rate of
average hourly
earnings growth is expected to come in line with the lacklustre pace that we have been accustomed to,
as of late.
The IMF cited the rapid decline in the
average coverage ratio over the past two years — the ability of current
earnings to cover interest payments —
as its primary evidence.