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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.
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Through April 30, 2018
EPS: earnings per share
*EPS growth chart truncated at 40% and at –30% for visual clarity. In the following periods, EPS growth or contraction exceeded 40%: March 1994, 92.7%; March 2009, –66.7%; January 2010, 43.1%; February 2010, 65.5%; March 2010, 202.7%; April 2010, 49.2%; May 2010, 53.7%; June 2010, 53.4%.
Source: Bloomberg, S&P and AllianceBernstein (AB)
As of December 31, 2017
*Years when earnings growth was greater than 10% include: 2017, 2011, 2010, 2006, 2005, 2004, 2003, 1999, 1995, 1994 and 1993. Both top-down and bottom-up EPS growth >10% in all those years.
Source: Bloomberg, S&P and AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.
James T. Tierney, Jr. is Chief Investment Officer of Concentrated US Growth. Prior to joining AB in December 2013, he was CIO at W.P. Stewart & Co. Tierney began his career in 1988 in equity research at J.P. Morgan Investment Management, where he analyzed entertainment, healthcare and finance companies. He left J.P. Morgan in 1990 to pursue an MBA and returned in 1992 as a senior analyst covering energy, transportation, media and entertainment. Tierney joined W.P. Stewart in 2000. He holds a BS in finance from Providence College and an MBA from Columbia Business School at Columbia University. Location: New York
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