From Nasdaq, Inc.: 2024-03-27 19:21:00

Total S&P 500 earnings for 2024 Q1 expected to increase by +2.5% from the same period last year with +3.5% higher revenues. Tech sector remains a key growth driver, contributing to positive overall earnings growth. Estimates have come down slightly but compare favorably to previous periods. Several sectors, including Tech, Retail, Cons. Discretionary, and Utilities, show notable year-over-year growth.

Looking ahead to the 2024 Q1 earnings season, Tech sector expected to continue driving growth. Earnings growth turned positive in 2023 Q3, with the Tech sector playing a key role. Estimates for 2024 Q1 indicate positive growth in both earnings and revenue. Technology sector earnings forecasted to increase by +19.6% on +8.3% higher revenues in Q1 2024.

Expectations for 2024 Q1 show favorable earnings outlook, especially in the Tech sector. Companies like Meta (META) and Nvidia (NVDA) are expected to drive strong earnings growth. Estimates for Meta and Nvidia are steadily increasing, reflecting positive outlook. Tech sector continues to contribute significantly to overall S&P 500 earnings growth.

Full-year 2024 earnings outlook shows improving margins across sectors, with the Tech sector driving earnings expansion. Tech sector expected to boost overall earnings growth for the year. Positive revisions in estimates for Tech sector key to maintaining stock-market momentum. Earnings growth in 2024 Q1 forecasted to be +2.5% from the same period last year on +3.5% higher revenues.



Read more at Nasdaq, Inc.:: Making Sense of the Earnings Picture