S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS Recent downward revisions in S&P 500 EPS estimates for 2024-25 reflect a cautious approach from analysts, primarily driven by economic uncertainties. Image: BofA US Equity & Quant Strategy
GDP Growth Revision The U.S. economy demonstrates resilience and promising growth outlook, in contrast to the EU and China, which face slower recoveries and economic challenges. Image: Deutsche Bank
S&P 500 Earnings Estimate Revision Ratio The S&P 500 earnings estimate revision ratio has shown significant improvement, reflecting positive trends in earnings and expectations. Image: BofA US Equity & Quant Strategy
S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY With yields no longer supporting high valuations, earnings growth is expected to be the main factor driving U.S. equity returns in the near future. Image: Morgan Stanley Research
Revision to Consensus S&P 500 3Q EPS 2Q EPS fell by just 2% over the last 3 months, compared to the usual 4%. Image: BofA US Equity & Quant Strategy
S&P 500 Earnings Revision Sentiment and Returns There is generally a good correlation between S&P 500 earnings revision sentiment and returns. Image: Goldman Sachs Global Investment Research
S&P 500 FY2 EPS Revision Sentiment Will S&P 500 FY2 EPS revision sentiment continue to improve? Image: Goldman Sachs Global Investment Research
Bottom-Up S&P 500 EPS Revision Will the earnings season drive the S&P 500 up or down? Image: BofA US Equity & Quant Strategy
Following Quarter EPS Revisions Through Earnings Season EPS revisions are rapidly deteriorating. An earnings recession is currently not priced in by the market. Image: Morgan Stanley Research
S&P 500 EPS Revisions Sentiment S&P 500 earnings revision sentiment is currently pointing to a hard landing. Could the market experience a downturn in the near future? Image: Goldman Sachs Global Investment Research
S&P 500 and Stocks Net EPS Revisions Macro headwinds suggest that the S&P 500 could fall further towards 3,200. Image: BCA Research