Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024

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Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024

A 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

forexlive.com