From Nasdaq.: 2025-05-07 18:30:00

Total Q1 earnings for the 419 S&P 500 members that reported are up +12.2% from last year, with 73.7% beating EPS estimates and 61.8% beating revenue estimates. Q2 earnings are expected to be up +6.4% from last year, with Tech sector estimates on the rise after a recent decline due to tariff uncertainty.

Tech sector earnings for Q2 are expected to be up +12.8% on +9.9% higher revenues, with estimates for Microsoft, Alphabet, and Meta showing a positive trend reversal. While Q2 estimates for most sectors have declined, the recent upswing in Tech sector earnings expectations is a notable shift from previous trends.

Earnings estimates for the S&P 500 index in Q2 have seen significant adjustments, with 13 of 16 sectors experiencing declines in estimates. The Transportation, Autos, Energy, Construction, and Basic Materials sectors saw the biggest drops, while Tech and Finance sector earnings also decreased. Despite recent fluctuations, Tech sector estimates have shown improvement in recent days.

Estimates for the S&P 500 index in Q2 show a +6.4% increase in earnings from last year on +3.9% higher revenues. While there have been downward revisions in estimates, recent data suggests a positive turn in Tech sector earnings expectations, particularly for major players like Microsoft, Alphabet, and Meta.



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