S&P 500 Earnings Dashboard 24Q1 - Friday, June 28

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

The 24Q1 Y/Y adjusted blended earnings growth estimate is 11.4%. If the energy sector is excluded, the growth rate for the index is 11.5%. 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 8.2%.
Of the 499 companies in the S&P 500 that have reported earnings to date for 24Q1, 79.0% reported above analyst expectations. This compares to a long-term average of 66%.
The 24Q1 Y/Y blended revenue growth estimate is 3.9%. If the energy sector is excluded, the growth rate for the index is 4.6%.