The stock-market rally is broadening as 78.4% of S&P 500 companies have raised forward earnings estimates over the past three months. Cost cutting and stock buybacks are driving earnings per share (EPS) growth. For Q1 2024, 143 of the 201 companies in the LSEG Retail/Restaurant Index reported earnings, with 73% beating estimates, 2% matching, and 25% missing. The blended earnings growth estimate for this index stands at 20.8%. Additionally, 78% of S&P 500 companies have beaten EPS estimates, surpassing both the 5-year and 10-year averages. The S&P 500 is reporting year-over-year earnings growth of 5.7% for Q1 2024, exceeding the earlier estimate of 3.4%, and revenue growth of 4.2%, also above the earlier estimate of 3.5%. BMO notes that despite firmness in inflation and higher yields, the surprising resiliency in growth and solid earnings have led to upgraded growth projections. Earnings growth for the most recent quarter is around 7.1%, and excluding charges from big drug companies, earnings are up 10.5%. S&P 500 profit growth estimates are also improving for 2025.
$SPX is reporting Y/Y revenue growth of 4.2% for Q1 2024, which is above the estimate of 3.5% on March 31. #earnings, #earningsinsight, https://t.co/O5wABerxLA https://t.co/iiF7wO53qi
$SPX is reporting Y/Y earnings growth of 5.7% for Q1 2024, which is above the estimate of 3.4% on March 31. #earnings, #earningsinsight, https://t.co/O5wABerxLA https://t.co/8rrSoR6GCy
60% of $SPX companies have beaten revenue estimates to date for Q1, which is below the 5-year average of 69% and below the 10-year average of 64%. #earnings, #earningsinsight, https://t.co/O5wABerxLA https://t.co/sBrPWRrIxX
78% of $SPX companies have beaten EPS estimates to date for Q1, which is above the 5-year average of 77% and above the 10-year average of 74%. #earnings, #earningsinsight, https://t.co/O5wABerxLA https://t.co/MhwIxEXjKj
90% of S&P 500 companies have reported, with earnings up ~7.3% so far. Excluding charges from big drug companies, earnings are up 10.5% (on pace for the best period since late 2021). As I’ve said, certainly seeing signs of bubble activity, but elevated valuations by themselves…
S&P 500 profit growth estimates are improving for 2025 https://t.co/dg2ErR95WF
BMO: “.. the firmness in inflation and higher yields have been more than made up for by the surprising resiliency in growth and solid earnings. .. growth projections have been steadily upgraded .. It’s pretty much been a rally in everything in the past six months ..” 🇺🇸 https://t.co/KhhIs0Cic1
To date,143 of the 201 @LSEGplc #Retail/#Restaurant Index reported Q1 2024 #earnings: 73% beat estimates, 2% matched and 25% missed estimates. The Q1 2024 blended earnings growth estimate now stands at 20.8% $WMT $M $TGT $GPS: https://t.co/QaTVbHpSss https://t.co/KFWea3q0l0
"For the most recent quarter – January through March – expectations called for 3.8% earnings growth. But with the majority of companies already showcasing their results, the actual growth rate will be around 7.1%. Bloomberg also highlighted an indicator known as… https://t.co/w5JptwKCe6
the stock-market rally is broadening out: 78.4% of S&P 500 cos raised forward earnings estimates over the past 3 months. Cost cutting and stock buybacks driving EPS https://t.co/rsGL7idHHP
the stock-market rally is broadening out: 78.4% of S&P 500 cos raised forward earnings estimates over the past 3 months. Cost cutting and stock buybacks driving earnings https://t.co/X5rSZNGIT3