Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Earnings per share (EPS) estimates for 2024 are holding steady ahead of the third-quarter reporting period. Despite Wall Street cutting estimates for the current quarter, forward 12-month EPS has been revised higher by +9.3%, compared to an average of +6.2% from 1991 to 2023. This improvement of +3.1% above the average is seen as a validation for bullish market sentiment. Additionally, 2025 profit forecasts are on the rise, indicating potential earnings resilience into the next year.
Wall Street is cutting estimates for earnings in the current quarter but strategists argue the stage is set for earnings "resilience" into 2025. https://t.co/ltDGN7VG70
So far in 2024, Forward 12M EPS has been revised higher by +9.3%. The avg (1991 - 2023) is +6.2% by 9/10 https://t.co/ZKJSkKr8Fj
“So far in 2024, Forward 12M EPS has been revised higher by +9.3%. The avg (1991 - 2023) is +6.2% by 9/10. This year ranks +3.1% better vs avg (by a solid margin). Fundamentals improving = validation for bulls.” @mattcerminaro https://t.co/9nlnvINqOI
