This week, Nike, Carnival, and other S&P 500 members will report quarterly results ending in August. Expectations for the S&P 500 index in Q3 include a +5.3% earnings increase and +6.1% higher revenues, the lowest growth rate since 2023 Q3. Positive revisions trend seen for Q3 and Q4 estimates. Tech and Finance sectors lead the way in earnings growth.

Nike is expected to report $0.28 per share in earnings on $11 billion in revenues, with year-over-year changes of -60% and -5%. Carnival anticipates $1.32 per share in earnings on $8.07 billion in revenues, showing +3.9% and +2.3% changes, respectively. Sentiment on Nike is weak, while Carnival shares have performed well this year.

Q4 estimates have increased for 7 out of 16 Zacks sectors, including Tech and Finance. However, estimates remain under pressure for other sectors like Consumer Discretionary and Medical. Tech sector expected to continue as a growth driver, with earnings projected to increase +12% for Q3 and +8.7% for Q4.

Zacks Research Chief highlights a satellite-based communications firm as a top stock pick with the potential to double. The company’s customer base is growing rapidly in anticipation of a major revenue breakout in 2025. Analysts predict significant growth for this little-known firm in the trillion-dollar space industry.

For more detailed information on earnings trends and expectations, check out the weekly Earnings Trends report on Zacks Investment Research. Stay informed on the evolving earnings picture and get insights into potential investment opportunities.

Read more at Nasdaq: Making Sense of Current Earnings Expectations