From Nasdaq: 2024-12-04 18:52:00

For Q4 2024, S&P 500 earnings are expected to rise by 7.5% with revenues up by 4.7%. Earnings estimates have decreased from 9.8% to 7.5%. Sectors like Medical, Tech, Finance, and Utilities are expected to see significant growth, while Energy, Aerospace, and Conglomerates are expected to decline in earnings.

The Retail sector saw mixed earnings in Q3, with Walmart benefiting from groceries and market share gains among higher-income consumers. Target and Foot Locker struggled due to discretionary spending declines. Overall, consumer spending trends remain stable.

Total S&P 500 earnings for Q3 are expected to be up by 8.2% with revenues up by 5.7%. Excluding Energy sector drag, earnings growth would be 10.6%, but excluding Tech sector contributions, earnings would be up by 2.9%.

Looking ahead, Q4 earnings are expected to be up by 7.5% with revenues up by 4.7%. Energy sector drag has impacted estimates, but revisions are less severe than in Q3. Expectations for double-digit earnings growth in the next two years, with the Tech sector leading the way in growth.



Read more at Nasdaq:: Looking Ahead to the Q4 Earnings Season