Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$SPX is expected to report Y/Y revenue growth of 4.7% for Q3 2024, which is slightly below the estimate of 4.9% revenue growth on June 30. #earnings, #earningsinsight, https://t.co/7mrPQvsy28 https://t.co/0K5eup9gZh
$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/7mrPQvsy28 https://t.co/8OaJoRubZE
Analysts have decreased Q3 EPS estimates for $SPX companies by 3.2% since June 30, which is slightly below the 5-year average (-3.3%) and the 10-year average (-3.3%) for a quarter. #earnings, #earningsinsight, https://t.co/7mrPQvsy28 https://t.co/ln8EzXyFDd
The S&P 500 (SPX) is poised for a fifth-straight quarter of EPS growth, with consensus estimates predicting a 4.6% year-over-year increase for Q3 2024. Despite this, analysts have decreased Q3 EPS estimates for SPX companies by 3.2% since June 30. Additionally, 55% of SPX companies have issued negative EPS guidance for Q3 2024, which is below the 5-year and 10-year averages. The SPX is also expected to report year-over-year revenue growth of 4.7% for Q3 2024, slightly below the June 30 estimate of 4.9%. For FY 2025, EPS is projected to rise by 15.2%, though this outlook is considered overly optimistic by some analysts. The SPX has been up 5 of the last 6 weeks.
