S&P 500 Earnings Dashboard 24Q1 - Saturday, May 25

Lipper Alpha Insight
By Tajinder Dhillon of Lipper Alpha Insight
Refinitiv •

Of the 480 companies in the S&P 500 that have reported earnings to date for 24Q1, 77.9% reported above analyst expectations. This compares to a long-term average of 66%.

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S&P 500 Aggregate Estimates and Revisions

  • The 24Q1 year-over-year adjusted blended earnings growth estimate is 11.1%. If the energy sector is excluded, the growth rate for the index is 11.1%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. When including this one-time item, the S&P 500 24Q1 earnings growth rate declines to 8.0%.
  • Of the 480 companies in the S&P 500 that have reported earnings to date for 24Q1, 77.9% reported above analyst expectations. This compares to a long-term average of 66%.
  • The 24Q1 year-over-year blended revenue growth estimate is 3.8%. If the energy sector is excluded, the growth rate for the index is 4.5%.

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