From Nasdaq: 2024-12-18 19:19:00

In 2024 Q4, S&P 500 earnings are expected to increase by 7.4% with a 4.8% rise in revenues. Excluding the Energy sector drag, earnings growth improves to 9.5%, but drops to 4.0% without the Tech sector’s contribution. The ‘Magnificent 7’ companies are projected to see a 20.7% earnings increase on 12.3% higher revenues.

The Tech sector continues to drive earnings growth, with expectations of a 14.6% increase in Q4 earnings and a 10% rise in revenues. Nvidia and Meta Platforms are examples of companies showing positive earnings revisions. The sector’s growth trajectory is expected to persist in upcoming quarters.

Earnings estimates for 2024 Q4 have decreased since the quarter began, but at a slower pace than seen in Q3. The overall earnings picture shows expectations of double-digit growth in the next two years, with the Tech sector forecasted to see a 17.4% increase in 2025. Nine of the 16 Zacks sectors are predicted to have double-digit earnings growth in 2025.

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Read more at Nasdaq:: Earnings Growth Expected to Broaden Beyond Tech