Forward Earnings Yield
Forward Earnings Yield is the projected earnings yield for the current fiscal year. These are just predictions, however, so real data may differ significantly from estimates.
If a company has a forward earnings yield of 15%, it is estimated that the company will produce $0.15 in earnings for each dollar used to purchase the stock.
Forward Earnings Yield = Estimated Earnings Per Share for Fiscal Year / Current Stock Price * 100