MSCI AC World EPS Analysts are steadily raising MSCI AC World EPS estimates for 2026 and 2027, betting the AI and tech surge will boost margins and profits instead of fueling another round of excess spending. Image: Goldman Sachs Global Investment Research
Consensus EPS Growth Estimates The Middle East conflict is barely denting sentiment on Wall Street, where optimism remains intact. Analysts expect S&P 500 earnings to rise 24% in 2026 and 16% in 2027, with small caps poised to leap 40% this year and 39% next. Image: Goldman Sachs Global Investment Research
Semiconductors vs. Consensus Fwd 12m EPS Semiconductor stocks have rallied faster than analysts have raised near-term earnings estimates, leaving valuations stretched relative to short-term fundamentals. The easy upside appears largely exhausted. Image: Goldman Sachs Global Investment Research
Estimated S&P 500 EPS and Y/Y Growth Goldman Sachs is betting the earnings strength has legs, forecasting S&P 500 EPS growth of 24% in 2026 to $340, followed by 13% in 2027 to $385. If that plays out, it is hard to see equities lagging. Image: Goldman Sachs Global Investment Research
Indexed Market Cap and Consensus Fwd 12m EPS Estimates for S&P 500 Companies Earnings momentum is driving the AI infrastructure complex’s outperformance so far this year, with capital flowing to names that are already translating AI demand into visible revenue growth, order strength, and profit expansion. Image: Goldman Sachs Global Investment Research
Cumulative YTD Change in Consensus 2027 EPS Estimates AI infrastructure and energy are carrying the bulk of S&P 500 EPS revisions, while the rest of the market is barely moving. Strip those sectors out and 2027 estimates are flat year to date. Image: Goldman Sachs Global Investment Research
Consensus Forward 12-Month S&P 500 EPS Strong Q1 earnings have helped propel the S&P 500 higher this year, boosting investor confidence and supporting higher valuations. Earnings strength still sets the tone. Image: Goldman Sachs Global Investment Research
Share of S&P 500 Company Quarter-Ahead EPS Guidance Above Consensus Estimates Strong earnings and confident forecasts are keeping corporate America bullish on near-term profits, adding fuel to already rich valuations. As long as companies deliver, investors are willing to look past rich pricing. Image: Goldman Sachs Global Investment Research
S&P 500 YoY EPS Growth Wall Street’s 2026 playbook is working so far, with first-quarter S&P 500 earnings on track for their fastest growth in five years. At last, the market has the profit momentum to back the hype. Image: Goldman Sachs Global Investment Research
Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate Analysts usually trim EPS estimates in the first four months of the year. Not this time. In 2026, revisions are heading higher, fueled by AI optimism and backed by confident management guidance. Image: Goldman Sachs Global Investment Research
EPS Revisions Upward EPS revisions across the S&P 500, the STOXX 600, and particularly MSCI EM, point to rising confidence in 2026 earnings, with momentum still leaning toward strength. Image: Goldman Sachs Global Investment Research