Earnings growth expected in 2024 Q4, particularly in the Tech sector.

From Zacks Investment Research: 2024-12-18 20:22:26

For the 2024 Q4 period, total S&P 500 earnings are expected to increase by 7.4% with 4.8% higher revenues. When excluding the Energy sector’s impact, earnings growth improves to 9.5%, but drops to 4.0% without the Tech sector. The Tech sector is driving earnings growth, with expectations of a 14.6% increase in earnings and a 10% rise in revenues for Q4. Companies like Nvidia and Meta Platforms are seeing positive EPS estimate revisions. Overall, the outlook for 2024 Q4 and beyond shows steady earnings growth, particularly in the Tech sector.



Read more at Zacks Investment Research: Earnings Growth Expected to Broaden Beyond Tech – December 18, 2024