From Nasdaq: 2024-05-15 19:02:00

The Q1 earnings season shows a +4.8% growth in earnings and +4.1% rise in revenues for S&P 500 members. 77.4% beat EPS estimates and 59.7% beat revenue estimates. Q2 earnings are projected to be up +9.1% with +4.5% higher revenues. The Energy sector and Nvidia are among those with positive revisions trends.

Aggregate earnings for the ‘Magnificent 7’ stocks in 2024 are expected to reach $444.3 billion. While Tesla and Apple have negative revisions trends, Nvidia stands out with positive estimates. S&P 500 aggregate earnings estimates for 2024 have been steadily increasing. Margins are anticipated to expand, driven by the Tech sector.

A semiconductor stock with strong earnings growth and broad customer base is expected to capitalize on the AI, Machine Learning, and IoT market. The global semiconductor manufacturing sector is forecasted to leap from $452 billion in 2021 to $803 billion by 2028. Investors can access the latest stock recommendations from Zacks Investment Research.



Read more at Nasdaq:: Current Earnings Outlook Reflects Positivity