S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations

Consensus sees S&P 500 earnings growth to cool to 6% in 3Q 2025 from 11% in 2Q, but Goldman Sachs thinks the bar may be set too low, pointing to stronger sales momentum and likely upside surprises from the Magnificent Seven.

Image: Goldman Sachs Global Investment Research

S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations