Wall Street Sees Rare Earnings Growth Supporting S&P’s Bull Case
Market Intelligence Analysis
AI-PoweredSell-side analysts predict rare earnings growth for the S&P 500 Index, with a 8.3% profit growth expected in the fourth quarter, supporting a bullish case for the market.
Market impact analysis based on bullish sentiment with 85% confidence.
Article Context
Such is the message from sell-side analysts, whose aggregated bottom-up price targets suggest the pace of income growth in the S&P 500 Index will accelerate each year through 2027, data compiled by Jefferies show. “Earnings growth is not only expected to maintain its current trajectory above the long-term historical average but may also be taking another leg higher,” said Andrew Greenebaum, senior vice president of US equity product management at Jefferies. With fourth-quarter earnings season some four weeks away, analysts expect S&P 500 companies to post a 8.3% profit growth, data compiled by Bloomberg Intelligence show.
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