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$SPX is reporting its highest revenue growth rate for Q2 2024 since Q4 2022, despite earnings surprises being at their lowest levels since Q4 2022. With the reporting season almost complete, EPS growth year-over-year is tracking at +11%. However, consensus now expects $SPX EPS growth of just 5.4% year-over-year in Q3, down from the July 10 estimate of 7.6%. The following few quarters also saw revisions lower, affecting both large- and small-cap companies.
While Q2 earnings results were stronger than expected, consensus now expects [SPX] EPS growth of just 5.4% y/y in Q3, down from the July 10 est of 7.6%. The following few quarters also saw revisions lower, and this was true for large- and small-cap companies https://t.co/eYk9kFYPPF
"While Q2 earnings results were stronger than expected, consensus now expects [SPX] EPS growth of just 5.4% y/y in Q3, down from the July 10 est of 7.6%. The following few quarters also saw revisions lower, and this was true for large- and small-cap companies." @LizThomasStrat https://t.co/qIFjiYRzRA
With reporting season almost complete, EPS growth year/year is tracking at +11%. https://t.co/EeCouIriwP