Wall Street sets highest earnings bar since 2021 for second quarter

EarningsIndustry
โดย Yahoo Finance·Read original
Summary · why it matters

Analysts have set the highest earnings estimates heading into a reporting season since 2021, expecting S&P 500 earnings per share to grow 22% year over year in the second quarter, according to Goldman Sachs strategist Ben Snider. This elevated bar follows a first quarter where realized EPS growth of 27% far exceeded the 12% consensus estimate. Snider noted that the high hurdle suggests second-quarter growth will likely beat estimates by a smaller margin than in the prior quarter. Key focus areas include whether megacap tech firms like Microsoft and Meta can show tangible AI revenue to justify massive capital expenditures, corporate margin durability amid higher input costs from the Iran war, and guidance revealing a K-shaped consumer divergence favoring cheaper private-label goods.

Impact on stocks 2

Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
± MixedDemandrelevance

Article mentions Meta as a megacap tech firm needing to show tangible AI revenue to justify massive capex, but no specific news about Meta's own demand.

Artificial Intelligence▲ · 1 stocks
Microsoft Corporation
MSFT
± MixedDemandrelevance

Article mentions Microsoft as a megacap tech firm needing to show tangible AI revenue to justify massive capex, but no specific news about Microsoft's own demand.

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