From Nasdaq:

Q4 earnings for the 176 S&P 500 members show a 1.7% increase from last year with 81.8% beating EPS estimates and 69.3% beating revenue estimates. Total S&P 500 earnings are expected to grow by 2.4% in Q4. In the Tech sector, total earnings for companies are up 19.3%, higher than in previous periods. The market’s “Big 7 Tech Players” are expected to see earnings grow by 41.3% in Q4. Both Microsoft and Alphabet reported strong Q4 earnings and revenue growth despite market reactions.

Overall, S&P 500 index Q4 earnings are expected to grow by 2.4% and revenue to increase by 2.8%. The expected growth rate is expected to improve over the next few quarters. However, due to expected moderation in the U.S. economy’s growth trajectory, some downward adjustment in estimates is forecasted. Full-year 2024 estimates started coming down in October.

The release of Zacks’ top 10 stocks for 2024 has shown consistent and successful growth in the past. With stocks personally chosen by Zacks Director of Research, Sheraz Mian, there is still the opportunity to be among the first to see stocks with enormous potential. The report includes free stock analysis of Apple, Amazon, Microsoft, NVIDIA, Tesla, Alphabet, and Meta Platforms.



Read more: Q4 Earnings: Tech Flexes Strong Growth