Estimating corporate earnings with bottom-up forecasts, top down forecasts and empirical forecasts will result in a range of outcomes While we believe bottom-up forecasts provide the best estimate, the other two methods can be useful in testing the result We look at top down build-up earnings growth for the S&P 500 and growth expectations by
Tom West, Director of Equity Research
Tom West is head of equity research at Columbia Management Investment Advisers, LLC (CMIA). He joined the firm in 2003 and has been a member of the investment community since 2000.
Prior to joining the firm, Mr. West was a sector analyst in equities and research associate in high yield, both positions at Fidelity Investments. He worked for 12 years in industry, beginning his career as a design engineer and finishing as department manager at Bosch Automotive Motor Systems. He held a variety of posts in the United States and Europe, including research and development, engineering, and business development.
Mr. West earned a B.S. in mechanical engineering from Rutgers University and an M.S. in finance from Boston College, where he received the award for highest academic achievement. In addition, he holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.