Positive. Tech sector driving earnings growth, with Nvidia and Meta Platforms seeing EPS estimates rise.

From Nasdaq: 2024-12-19 05:00:00

In the 2024 Q4 Earnings Trends report, total S&P 500 earnings are expected to rise by 7.4% from last year, with a 4.8% increase in revenues. Excluding the Energy sector, earnings could improve to 9.5%, but drop to 4.0% without the Tech sector’s contribution.

The Tech sector continues to drive earnings growth, with expectations of a 14.6% increase in Q4 earnings and a positive outlook for 2025. Companies like Nvidia and Meta Platforms have seen their EPS estimates rise, showcasing sector strength.

Despite a decline in Q4 estimates, the pace of negative revisions is less than in Q3. Double-digit earnings growth is expected in the next two years, with the Tech sector projected to lead with a 17.4% increase in 2025.

Zacks is set to release its Top 10 Stocks for 2025, with a history of exceptional performance. The portfolio, led by Director of Research Sheraz Mian, gained over 2,000% from 2012 to November 2024. Don’t miss the chance to access these top picks on January 2nd.



Read more at Nasdaq: Zacks Earnings Trends Highlights: Nvidia and Meta Platforms