In Q3, S&P 500 earnings are expected to grow by +5.1% with revenues up by +6%. This growth rate would be the lowest since 2023 Q3. The positive trend in estimate revisions since April is evident in recent weeks’ data, with the Tech, Finance, and Energy sectors showing favorable trends.

The Tech sector is expected to drive growth in Q3, with earnings up by +11.9% on +12.4% higher revenues. Without the Tech sector’s contribution, total S&P 500 earnings growth for Q3 would only be +2%. Estimates for the Tech sector have been trending higher since the start of the quarter.

This week, Oracle and Adobe will release their earnings reports, providing insight into the Tech sector’s performance. The upcoming earnings season will see big banks reporting September-quarter results. The chart below shows current Q3 earnings and revenue growth expectations for the S&P 500 index.

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Read more at Nasdaq: Previewing Q3 Earnings: What Can Investors Expect?