Consensus EPS Growth Estimates

Consensus EPS Growth Estimates Despite economic uncertainties, consensus estimates project a robust 7% increase in S&P 500 earnings per share for 2025 and a 14% rise in 2026, highlighting the resilience of the corporate sector. Image: Goldman Sachs Global Investment Research

Cumulative Change in Consensus Earnings Estimates

Cumulative Change in Consensus Earnings Estimates Despite a projected slowdown in earnings growth for the Magnificent 7 in 2025, analysts remain broadly optimistic about their continued market leadership. Image: Goldman Sachs Global Investment Research

Consensus EPS Growth Estimate

Consensus EPS Growth Estimate Following the initial Magnificent Seven earnings report on April 22, analysts revised full-year earnings estimates upward by 1.8% for the Magnificent Seven, but downward by 0.8% for the other 493 companies in the S&P 500. Image: J.P. Morgan Asset Management

Earnings – S&P 500 Consensus EPS Revision

Earnings – S&P 500 Consensus EPS Revision The 2025 EPS revision trend follows historical patterns. With high initial estimates and ongoing macroeconomic uncertainty, investors should stay alert for possible further downward adjustments. Image: Goldman Sachs Global Investment Research

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

S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations S&P 500 Q1 2025 earnings growth has substantially outpaced initial expectations, driven by robust results from key sectors and widespread positive surprises. Image: Goldman Sachs Global Investment Research

Consensus Earnings Estimates

Consensus Earnings Estimates Despite economic uncertainties and potential tariff impacts, downward revisions to 2025 EPS estimates have remained modest, underscoring their resilience. Image: J.P. Morgan Asset Management

Valuation – Consensus Forward P/E vs. Expected EPS Growth

Valuation – Consensus Forward P/E vs. Expected EPS Growth The P/E premium reflects higher expected EPS growth, supported by a strong current correlation between EPS growth forecasts and P/E multiples. Image: Goldman Sachs Global Investment Research

Consensus Estimated Margin Growth

Consensus Estimated Margin Growth Slower economic growth and rising costs are expected to lead to a decline in S&P 500 margin estimates later this year. Image: Goldman Sachs Global Investment Research

U.S. GDP Consensus Forecast

U.S. GDP Consensus Forecast The U.S. exceptionalism narrative appears fragile. With expectations already high, there’s little room for positive surprises, and weaker economic data could hurt the dollar due to investors’ skewed positioning. Image: TS Lombard