Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024A note from equity analysts at Goldman Sachs, bullish for 2024 on US firms' earnings.
Currently their forecast is for S&P 500 companies' earnings per share to rise 5% to $237 this year, well above the median $231-per-share forecast, but still in danger of being too low says GS:
- "We see potential upside to our EPS estimate from stronger US economic growth, lower interest rates, and a weaker dollar" despite lower oil prices
GS' most recent S&P 500 index forecast for 2024 was issued in December is 5100, raised from 4700 issued in November.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024 (https://www.forexlive.com/news/goldman-sachs-says-q4-us-corporate-earnings-will-beat-analyst-forecasts-may-again-in-2024-20240107/)
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