On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate.<br />The move comes after better-than-expected second-quarter results.<br />Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115.<br />That's about 21% lower than 2019.<br />Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021.<br />The estimate is tied to Goldman's economic growth outlook.
