From Nasdaq: 2024-05-08 19:09:00

Total earnings for 440 S&P 500 members reporting Q1 results are up +5% from last year on +4.2% higher revenues, with 78% beating EPS estimates and 60.9% beating revenue estimates. For 2024 Q2, S&P 500 earnings are expected to be +9.2% from last year on +4.5% higher revenues.
Total S&P 500 earnings expected to grow +8.9% this year, excluding Tech sector. Positive earnings trend noted for 2024 Q2 and full-year estimates, with 50% of the 16 Zacks sectors having higher earnings estimates than at beginning of year. Energy sector showing favorable revisions trend, highlighted in report.
Aggregate group earnings expected to be $443.9 billion in 2024, up from prior weeks. Revisions trend negative for Tesla and Apple, but positive for remaining five members. Nvidia leading in positive revisions. Sectors and individual stock earnings outlook discussed in detail in report.



Read more at Nasdaq:: Earnings Growth Poised to Accelerate