As of October 14, 2024, Bank of America reports that 30 S&P 500 companies have released their earnings results for the third quarter. These companies have collectively exceeded earnings per share (EPS) consensus estimates by an average of 5%, a notable improvement from the 3% beat observed at the same point in the previous quarter. The consensus anticipates a 4% earnings growth for the third quarter, which could rise to approximately 7% if historical performance trends continue. So far, 73% of the companies have surpassed EPS expectations, while 57% exceeded sales forecasts, and 53% exceeded both metrics. This contrasts with last quarter's figures, where 81% beat EPS, 52% beat sales, and 46% exceeded both. The early results suggest potential positive momentum due to easing rate pressures.