Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024
<p>A note from equity analysts at Goldman Sachs, bullish for 2024 on US firms' earnings.</p><p>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:</p><ul><li>“We see potential upside to our EPS estimate from stronger US economic growth, lower interest rates, and a weaker dollar” despite lower oil prices</li></ul><p>GS' most recent S&P 500 index forecast for 2024 was issued in December is 5100, raised from 4700 issued in November.</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Comment