QVMM - S&P 500 Earnings: New Quarter Will The 'Upside Surprise' Factor Continue In 2024?

2024-04-07 23:35:00 ET

Summary

• Q4 ’23 EPS ended at $57.16, up from $54.69 at the end of the previous quarter.
• The final 2023 calendar S&P 500 EPS ended at $222.94 versus the expected $219.67 at the end of the previous quarter.
• The Q1 ’24 S&P 500 EPS estimate is currently $54.95.
• The forward 4-quarter estimate jumped this week to $251.58 from last week’s $242.94, which is the usual quarterly “bump” or roll.

The quarterly “bump” in forward 4-quarter EPS occurred this week, as the months rolled from March to April ’24....

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