Sensitivity of S&P 500 Returns to EPS and P/E Scenario

Goldman Sachs has revised its forecast for S&P 500 earnings per share in 2025 to $253, reflecting concerns about weaker economic growth, higher tariffs, and inflationary pressures impacting corporate earnings.

Image: Goldman Sachs Global Investment Research

Sensitivity of S&P 500 Returns to EPS and P/E Scenario