This week, quarterly reports from Pepsi, Delta Airlines, and other S&P 500 members for their fiscal quarters ending in August will be counted towards the September-quarter tally. 19 S&P 500 members have already reported August-quarter results, including FedEx, General Mills, and Oracle.

Expectations for Q3 earnings for the S&P 500 index include a +5.4% increase from last year, with +6.1% higher revenues. This marks a decrease from Q2 and Q1 earnings growth rates. The positive revisions trend observed in recent months has impacted Q3 and Q4 estimates.

Q4 estimates have seen positive revisions for sectors like Tech, Finance, and Energy, while sectors like Consumer Discretionary and Autos are under pressure. The Tech sector is expected to be a leading growth driver, with Q3 earnings projected to increase by +11.9%.

This week, over 25 companies, including Pepsi and Delta Air Lines, are set to report earnings. Pepsi is expected to report earnings of $2.27 per share on $23.88 billion in revenues. Delta is expected to report $1.60 per share on $15.93 billion in revenues.

Earnings reports from 19 S&P 500 members for the fiscal quarters ending in August show total earnings up +11.9% from last year on +7.2% higher revenues. 73.7% of companies beat EPS estimates, with 78.9% beating revenue estimates.

Delta Air Lines is expected to report $1.60 per share in earnings on $15.93 billion in revenues. Pepsi shares have been down -6.1% this year, lagging behind the S&P 500 index. Delta shares are down -5.2% year-to-date.

Quantum Computing is emerging as the next technological revolution, with companies like Microsoft, Google, and Amazon integrating it into their infrastructure. Stock strategist Kevin Cook highlights 7 stocks poised to dominate the quantum computing landscape.

The S&P 500 index’s earnings growth rates for 2025 and 2026 are projected at $258.12 and $290.98, respectively. The evolving earnings picture and sector performance will continue to impact market trends in the coming quarters.

Read more at Nasdaq.: A Closer Look at the Evolving Earnings Picture