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S&P 500 Aggregate Estimates and Revisions

• The 24Q1 Y/Y blended earnings growth estimate is 2.7%. If the energy sector is excluded, the growth rate for the index is 5.4%. Please note that a one-time charge related to Bristol Myers Squibb has impacted the overall index growth rate. When excluding Bristol Myers Squibb from the index, the S&P 500 24Q1 adjusted earnings growth rate improves from 2.7% to 5.8%.
• Of the 29 companies in the S&P 500 that have reported earnings to date for 24Q1, 86.2% reported above analyst expectations. This compares to a long-term average of 66%.
• The 24Q1 Y/Y blended revenue growth estimate is 3.3%. If the energy sector is excluded, the growth rate for the index is 4.0%.

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