Analysts have decreased Q3 EPS estimates for S&P 500 companies by 3.8% since June 30, which is larger than the 5-year and 10-year averages of -3.3%. The S&P 500 is expected to report year-over-year earnings growth of 4.6% for Q3 2024, down from the 7.8% estimate on June 30. Additionally, year-over-year revenue growth is projected at 4.8%, slightly below the 5.0% estimate from June 30. Earnings estimates for 2024 are now below $240. Goldman Sachs maintains its year-end S&P 500 target of 5600 and expects 2024 EPS of $241 and 2025 EPS of $256.