Wall Street Sees Rare Earnings Growth Supporting S&P’s Bull Case

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.