The S&P 500’s estimated bottom-up operating EPS rebounded 4% to $58.48 in the second month of results (Chart 1). With Q2 reporting essentially complete, EPS is now slightly above where it stood before reporting began. After the sharp dip during the first month of Q2 earnings announcements, we’ve resumed the recent and very positive “no-erosion” trend in aggregate EPS.
Sep
03
2024