S&P 500 Earnings Update Q3 2024: Key Insights
Hello there! If you’re curious about the latest earnings data for the S&P 500, you’ve come to the right place. Let’s dive into the numbers for the third quarter of 2024.
Overall, year-over-year earnings for the S&P 500 are expected to increase by 9.0%. And when we take out the energy sector, that estimate jumps to 11.7%. Impressive, right?
Now, here’s an interesting tidbit: of the 494 companies in the S&P 500 that have already reported earnings for the third quarter, a whopping 76.1% have exceeded analyst expectations. That’s higher than the long-term average of 66.9%. Bravo to those companies!
Looking at revenue growth, we see a year-over-year blended estimate of 5.3% for the third quarter of 2024. But when we exclude the energy sector, that growth rate climbs to 6.4%. Not too shabby at all.
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Well, that’s a wrap on the S&P 500 earnings dashboard for the third quarter of 2024. Stay tuned for more updates, and remember – when using our earnings data, please be sure to credit “LSEG I/B/E/S”. Happy investing!
