The Q2 earnings season has shown significant positive trends, with results from 198 S&P 500 companies indicating an overall earnings increase of 7.0% compared to the previous year, alongside a 5.5% rise in revenues. Notably, 82.8% of these companies surpassed EPS estimates and 79.8% exceeded revenue expectations.
In the Tech sector, earnings increased by 15.2% and revenues by 10.6%, with 90.9% of companies beating EPS estimates. Similarly, the Finance sector reported a 17.6% earnings increase on 5.8% higher revenues, with 90.0% surpassing EPS estimates.
Overall, the S&P 500’s Q2 earnings growth expectations have been revised upward to a 7.6% increase, fueled by promising results, enhancing market optimism as the reporting season continues.
