From Nasdaq: 2025-06-11 19:58:00

• Total S&P 500 earnings for the June quarter are expected to increase by +5.2% from last year on +3.8% higher revenues, with estimates pressure on various sectors since the quarter began.
• 14 out of 16 Zacks sectors have seen Q2 earnings estimates decline, with Aerospace and Utilities being the only sectors showing positive movement.
• Tech and Finance sectors, major contributors to S&P 500 earnings, have also experienced cuts in Q2 estimates, although the negative trend for Tech sector estimates has stabilized in recent weeks.
• The ‘Magnificent 7’ companies are projected to have Q2 earnings up +11.8% with +11.2% higher revenues, impacting overall index earnings.
• Earnings season will start with JPMorgan and Wells Fargo reporting, with results from companies like Costco, AutoZone, and Oracle already being part of the Q2 earnings season.
• The start of Q2 saw tariff uncertainty affecting estimates, but expectations are for a +5.2% increase in S&P 500 earnings compared to last year, with notable downward pressure on estimates for several sectors.
• Estimates for the Tech sector indicate a +12% earnings growth in Q2 on +10.5% higher revenues, with a stabilized trend after initial downward pressure.
• The overall earnings picture for the S&P 500 index shows expectations for 2025 Q2 and beyond, with Tech sector estimates showing stabilization and no significant downward pressure.
• While there has been macroeconomic uncertainty impacting earnings estimates, stocks have recovered from tariff-related losses, with the issue deferred for now.

Read more at Nasdaq:: Earnings Estimates Stabilize: A Closer Look