S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations The Q3 earnings season demonstrated the resilience of large U.S. companies in the face of economic challenges, with particularly strong showings from the technology sector. Image: Goldman Sachs Global Investment Research
S&P 500 Consensus Quarterly Earnings Actual and Consensus Estimates Despite a promising earnings outlook that could sustain market strength, investors would be wise to consider potential risks and already stretched market valuations. Image: Morgan Stanley Research
Difference Between Realized and Consensus Estimate of S&P 500 EPS While S&P 500 companies continue to beat EPS estimates, indicating underlying strength, recent data suggests this trend is moderating compared to previous quarters Image: Goldman Sachs Global Investment Research
S&P 500 – Consensus Year-End Target The S&P 500 has surpassed many Wall Street strategists’ year-end projections, prompting a flurry of revised forecasts and raising questions about the sustainability of the current bull market. Image: Bloomberg
Consensus Estimates EPS Growth Consensus estimates project a 14% growth in S&P 500 earnings per share for 2025, indicating a continued positive trend in corporate profits. Image: Goldman Sachs Global Investment Research
China GDP Growth Consensus Estimates GDP upgrades are likely to spur interest in China’s markets, encouraging asset allocation towards sectors that align with the country’s economic transformation. Image: BofA Global Investment Strategy
S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS Recent downward revisions in S&P 500 EPS estimates for 2024-25 reflect a cautious approach from analysts, primarily driven by economic uncertainties. Image: BofA US Equity & Quant Strategy
Sell Side Consensus Indicator The Sell Side Indicator, which tracks Wall Street strategists’ equity allocation recommendations, has remained unchanged in September. The current level suggests that the S&P 500 may see positive gains over the next 12 months. Image: BofA US Equity and Quant Strategy
Magnificent 7 vs. the Other 493 Consensus Quarterly EPS While the Magnificent Seven have been the main drivers of S&P 500 earnings growth, the remaining 493 stocks are expected to catch up. Image: BofA US Equity & Quant Strategy
Global EPS Model vs. Consensus EPS BofA indicates a trend of slowing growth in its global earnings per share model, reflecting a shift toward a more cautious economic outlook. Image: BofA Global Investment Strategy
Earnings – S&P 500 Consensus EPS Revision 2024 EPS estimates reflect a typical non-recessionary trend, indicating a favorable market outlook and the possibility of strong corporate profits. Image: Goldman Sachs Global Investment Research