Consensus EPS Growth Estimates Wall Street is leaning bullish on 2026 earnings, calling for a 14% jump in S&P 500 earnings, while small caps could deliver the year’s biggest surprise with projections nearing 50%. Image: Goldman Sachs Global Investment Research
S&P 500 Valuations Based On Forward Operating EPS Easy money and low rates could keep pushing S&P 500 multiples higher, but the risk is that earnings won’t rise fast enough to support them. For the moment, liquidity is driving markets far more than fundamentals. Image: Real Investment Advice
Share of S&P 500 Company Quarter-Ahead EPS Guidance Above Consensus Estimates Robust earnings and upbeat company guidance are keeping corporate America in a bullish mood about near‑term profits, lending fresh support to elevated equity valuations. Image: Goldman Sachs Global Investment Research
Sector Contribution to S&P 500 EPS Growth Earnings for Q3 2025 are tracking close to the 8.5% S&P 500 EPS growth consensus, driven largely by the tech and financial heavyweights — a sign that this earnings season has real momentum. Image: J.P. Morgan Asset Management
S&P 500 YoY EPS Growth The median S&P 500 company EPS growth is expected to climb about 7% in Q4 2025, a sign of firmer earnings momentum and a more upbeat near‑term outlook. Image: Goldman Sachs Global Investment Research
Discretionary Investors Equity Positioning vs. S&P 500 EPS Growth Discretionary investors are betting on an earnings downturn that looks increasingly out of sync with the data. If that pessimism fades, risk appetite could roar back fast and push equities higher. Image: Deutsche Bank Asset Allocation
S&P 500, Russell 2000, Stoxx 600 and EM Equities – 12-Month Forward EPS Consensus Estimates Market leadership is widening. U.S. small-caps are catching up fast as EPS growth fires up in both the S&P 500 and Russell 2000—a clear sign the rally is broadening beyond the tech giants. Image: Societe Generale Cross Asset Research
Year/Year EPS Growth – Magnificent 7 vs. S&P 493 EPS growth for the Magnificent 7 is expected to cool to 14% in Q3, down from 28%. Mega-cap tech names should continue posting robust earnings growth, but the outsized premium that’s defined the trade might lose some of its shine in 2026. Image: Goldman Sachs Global…
Change in Consensus EPS Big Tech still runs the show—2026 earnings forecasts are racing higher for the giants, while the rest of the S&P 493 trail behind in their shadow. Image: Goldman Sachs Global Investment Research
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…
Fed Funds Rate and S&P 500 TTM EPS Growth Strong EPS growth, combined with Fed rate cuts, often fuels equities by reducing funding costs, boosting investment and sustaining earnings momentum—the classic drivers of bull markets. Image: TS Lombard