ZACKSยท2025-07-29 23:41Core Insights - The earnings revisions trend has shifted from a negative to a positive outlook, particularly noted in recent weeks as the Q2 earnings season progresses [2][4][14] Earnings Performance - For the 198 S&P 500 companies that have reported Q2 results, total earnings increased by +7.0% year-over-year, with revenues up by +5.5%. Approximately 82.8% of these companies exceeded EPS estimates, and 79.8% surpassed revenue estimates [4] - In the Tech sector, earnings rose by +15.2% year-over-year, with revenues increasing by +10.6%. Notably, 90.9% of Tech companies beat EPS estimates, and all reported exceeded revenue estimates [4] - The Finance sector saw a +17.6% increase in earnings year-over-year, with revenues up by +5.8%. Here, 90.0% of companies beat EPS estimates, while 76.0% surpassed revenue estimates [4] Sector Estimates - Since the beginning of Q3, earnings estimates have increased for half of the 16 Zacks sectors, including Finance, Tech, and Consumer Discretionary [5] - Q3 earnings for the Tech sector are projected to grow by +8.0% year-over-year, with revenues expected to rise by +11.2% [6] Company-Specific Estimates - Meta Platforms is expected to report Q2 results on July 30, with a projected EPS of $5.92 for Q3, reflecting a +1.2% increase over the past week and +2.6% over the past month [8] - Nvidia is anticipated to report Q2 results on August 27, with an expected EPS of $1.60 for Q3, showing a +0.9% increase over the past week and +1.8% over the past month [8] Future Earnings Expectations - The positive results from nearly 40% of S&P 500 members have led to an increase in Q2 earnings growth expectations, now projected at +7.6% year-over-year, with revenues expected to rise by +5.2% [10]