Business · Companies · 2 days ago

S&P 500 companies forecast to lift profits 29.5% in July–September

S&P 500 companies forecast to lift profits 29.5% in July–September

The US earnings season for July through September is getting underway.

Analysts expect earnings per share across companies in the S&P 500, a major US stock index, to rise 29.5% from the same period a year earlier.

The estimate was based on data available on October 2.

IT and energy companies are expected to account for about 80% of the overall profit increase.

This means forecast growth is concentrated in two sectors rather than spread evenly across the market.

The figures are expectations, not final results.

Companies will release their quarterly results as the earnings season progresses.

Sources

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