From Nasdaq: 2025-01-03 17:54:00

The first earnings season of the New Year starts on January 10th with big banks reporting Q4 2024 results. Expectations show a +7.6% earnings increase for the S&P 500 index on +4.7% higher revenues compared to Q3.

Estimates have been cut for 11 Zacks sectors since Q4 began, with major declines in Aerospace, Industrial Products, Energy, Conglomerates, and Basic Materials. Positive revisions have been seen in Finance, Consumer Discretionary, Technology, Business Services, and Autos sectors.

Wells Fargo is expected to bring in $1.33 per share in Q4 EPS, up +3.1%, while JPMorgan is expected to earn $3.86 per share, down -2.8%. Finance sector Q4 earnings are projected to be up +12.1% with +5% higher revenues, following +5.9% growth in Q3.

The Magnificent 7 group is expected to drive growth in Q4 with a +20.7% earnings increase on +12.3% higher revenues compared to the previous year. The sector’s total earnings would only be up +3.6% without the Mag 7 contribution.

Q4 earnings and revenue growth expectations are shown in the context of previous quarters and future projections. Double-digit earnings growth is anticipated for 2025 and 2026, with a detailed look at the overall earnings picture in the weekly Earnings Trends report.

Zacks Investment Research Chief names the “Single Best Pick to Double” stock, targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter. The company has significant upside potential and could outperform previous Zacks’ Stocks Set to Double like Nano-X Imaging.



Read more at Nasdaq:: Q4 Earnings Season Looms: A Preview