S&P 500 Aggregate Estimates and Revisions

• The 23Q1 Y/Y blended earnings growth estimate is -4.7%. If the energy sector is excluded, the growth rate for the index is -6.1%.
• Of the 81 companies in the S&P 500 that have reported earnings to date for 23Q1 76.5% reported above analyst expectations. This compares to a long-term average of 66%.
• The 23Q1 Y/Y blended revenue growth estimate is 1.8%. If the energy sector is excluded, the growth rate for the index is 2.7%.

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