S&P 500 Aggregate Estimates and Revisions

• The 23Q1 Y/Y blended earnings growth estimate is -0.2%. If the energy sector is excluded, the growth rate for the index is -2.0%.
• Of the 471 companies in the S&P 500 that have reported earnings to date for 23Q1, 76.9% reported above analyst expectations. This compares to a long-term average of 66%.
• The 23Q1 Y/Y blended revenue growth estimate is 3.6%. If the energy sector is excluded, the growth rate for the index is 4.5%.

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