Image Source: Pexels

S&P 500 Aggregate Estimates and Revisions

• The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.9%. If the energy sector is excluded, the growth rate for the index is 10.9%. 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 7.8%.
• Of the 424 companies in the S&P 500 that have reported earnings to date for 24Q1, 77.8% 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%.

(Click on image to enlarge)

Click here to view the full report.

More By This Author: