
Industry analysts have set an aggregate target price for the S&P 500 Index ($SPX) at 6,287.88, implying a 9.4% price increase over the next 12 months. The Energy sector within the S&P 500 is predicted to see the largest price increase among all 11 sectors. Additionally, price targets for the SPDR S&P 500 ETF Trust ($SPY) are 10% higher than last year. Analysts have identified the top 10 S&P 500 stocks expected to experience the largest price increases and decreases over the next year. Despite solid EPS revisions, Q3 2024 earnings estimates have been decreased by 3.8% since June 30, which is larger than the 5-year and 10-year averages. Moreover, 55% of S&P 500 companies have issued negative EPS guidance for Q3 2024, which is below the 5-year and 10-year averages. The S&P 500 is expected to report year-over-year earnings growth of 4.6% and revenue growth of 4.8% for Q3 2024, both below the estimates made on June 30. Notably, JPMorgan ($JPM) is set to report on October 11.
$SPX is expected to report Y/Y revenue growth of 4.8% for Q3 2024, which is below the estimate of 5.0% revenue growth on June 30. #earnings, #earningsinsight, https://t.co/svi1rFoNl4 https://t.co/bZofdyQdQX
$SPX is expected to report Y/Y earnings growth of 4.6% for Q3 2024, which is below the estimate of 7.8% earnings growth on June 30. #earnings, #earningsinsight, https://t.co/svi1rFoNl4 https://t.co/cKKbt6yOtj
Analysts have decreased Q3 EPS estimates for $SPX companies by 3.8% since June 30, which is larger than the 5-year average (-3.3%) and the 10-year average (-3.3%) for a quarter. #earnings, #earningsinsight, https://t.co/svi1rFoNl4 https://t.co/ATDleIXxRW









