From Nasdaq MarketSite.: 2024-04-09 19:00:00

Total S&P 500 earnings for Q1 2024 are expected to increase by 2.2% from the same period last year, with revenues up 3.4%. The Tech sector is a key growth driver, with Finance sector earnings expected to rise by 3.3%. ‘Magnificent 7’ earnings are projected to increase by 33.0%.

Early Q1 results from S&P 500 members show modest growth and few positive surprises. JPMorgan, Citigroup, and Wells Fargo are expected to release results soon. The Finance sector’s earnings are anticipated to rise by 3.3%, with stable to improving macroeconomic factors contributing to potential upside surprises.

Tech sector earnings for Q1 are expected to increase by 19.4%, driven by strong performance from ‘Magnificent 7’ members like Meta and Nvidia. Overall S&P 500 earnings for the Tech sector are predicted to grow by 27.5% in Q4 2023. Margins are expected to expand this year, largely driven by Tech sector growth.



Read more at Nasdaq MarketSite.:: The 2024 Q1 Earnings Season Gets Underway