Analysts forecast that the S&P 500 will experience earnings growth of 14.8% and revenue growth of 5.8% for the calendar year 2025. All 11 sectors within the S&P 500 are expected to report earnings growth, with the Information Technology sector leading at 23%. Companies outside of the 'Magnificent 7' are projected to achieve earnings growth of 13% for 2025, compared to 4% for 2024. For the fourth quarter of 2024, the S&P 500 is anticipated to report year-over-year earnings growth of 11.9%, which is lower than the previous estimate of 14.6%. Revenue growth for the same quarter is expected to be 4.6%, also below the earlier estimate of 5.2%. Additionally, 72 S&P 500 companies have issued negative EPS guidance for Q4 2024, surpassing both the five-year average of 56 and the ten-year average of 62.