“`html
This week, Nike (NKE) and Carnival (CCL) are among the S&P 500 companies reporting their quarterly results for the fiscal quarter ending in August. Expectations for Q3 earnings growth for the S&P 500 index stand at +5.3% year-over-year, with revenues increasing by +6.1%. This marks the lowest earnings growth since Q3 2023 if met.
Nike is projected to report earnings of $0.28 per share on $11 billion in revenues, reflecting year-over-year declines of -60% and -5%, respectively. In contrast, Carnival is expected to post earnings of $1.32 per share on $8.07 billion in revenues, marking year-over-year increases of +3.9% and +2.3%. Notably, Carnival shares have risen by +23.1% year-to-date.
For Q4, earnings estimates have increased for 7 of the 16 Zacks sectors, particularly in Tech and Finance, which account for over 50% of the index’s total earnings. Conversely, estimates remain under pressure in sectors like Consumer Discretionary and Medical.
“`
