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Sep 03 2024

Q2 Bounce Back To Trend

  • Sep 3, 2024

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.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager