From Nasdaq: 2024-04-03 19:41:00

Total S&P 500 earnings for Q1 2024 expected to be up +2.5% with +3.5% higher revenues. The Tech and Energy sectors impact on earnings growth. Finance sector earnings expected to be up +3.7% on +2.4% higher revenues. ‘Magnificent 7’ earnings expected to increase +33.4% on +13.2% higher revenues. Early Q1 results show modest growth and few positive surprises. JPMorgan, Citigroup, Wells Fargo to report on April 12th.Marginally improving expectations for bank earnings, with a modest margin squeeze offset by loan growth. Stable economic backdrop and Fed easing outlook expected to positively impact bank earnings. Strong investment banking in equity and debt capital markets to drive good growth numbers.Total S&P 500 index earnings for Q1 expected to be up +2.5% with +3.5% higher revenues. Tech sector to remain a core growth driver, with margins expected to continue improving. Positive revisions for full-year 2024 estimates in Tech and other sectors. Expectations for Meta and Nvidia Q1 earnings to significantly contribute to Tech sector growth.2022 annual earnings expected to show margin expansion with the Tech sector driving most of the gains. Zacks top semiconductor stock pick projected to benefit from booming demand in AI, ML, and IoT. Semiconductor manufacturing forecasted to grow from $452 billion in 2021 to $803 billion by 2028. Key Tech companies like Meta and Nvidia expected to drive industry growth.



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