2024-01-08 11:48:01 ET
Goldman Sachs’ U.S. Weekly Kickstart report published the bottom-up consensus of the 2023 fourth quarter sales, and EPS estimates for each sector, as of Jan. 5.
The S&P 500 Index had a 3% EPS growth year-over-year estimate in the fourth quarter of 2023.
The Utilities sector ( XLU ) is expected to have the strongest year-over-year EPS growth at 47%, with a median stock EPS growth of 21% year-over-year.
Communication services ( XLC ) followed with an estimated 36% EPS growth year-over-year, 1% sales growth, and a median stock EPS growth of 5%.
The consumer discretionary sector’s ( XLY ) EPS growth year-over-year is estimated to be 22% in the fourth quarter, with 2% sales growth, and a median stock EPS growth of 5% year-over-year.
For information technology ( XLK ), the fourth quarter estimate for EPS Growth is 16%, with sales growth of 7% and median stock EPS growth of 3%.
The consumer staples sector’s ( XLP ) EPS growth year-over-year is estimated to be 5%, with 8% sales growth, and a median stock EPS growth of 3% year-over-year.
Financials ( XLF ) is expected to have a 3% EPS growth and 6% median stock EPS growth.
The real estate sector ( XLRE ) is expected to have a 1% EPS growth and a 2% median stock EPS growth.
The Industrial sector ( XLI ) is not expected to see EPS growth -- only its median stock EPS growth is expected to be 5%.
Healthcare ( XLV ), materials ( XLB ), and energy ( XLE ) are expected to have negative EPS growth, with -21%, -22%, and -28% respectively.
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For further details see:
Strong earnings growth is seen in mega-cap sectors - Goldman