Yahoo Finance: Mid-Q2 2024 Investor Conference and Events Highlights Update

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Excerpt:

The bulls cleared another hurdle. The first-quarter earnings season has been strong. With 92% of S&P 500 companies reporting, the earnings per share beat rate is 78%, near the five-year average. More impressive is the updated first-quarter year-over-year earnings growth rate, which, according to FactSet, now stands at 5.40%, significantly above the 3.40% figure from the end of March.[1] What's more, year-over-year earnings growth estimates for the second quarter have ticked up, from 9% on March 31 to 9.60% as of May 3. Calendar-year S&P 500 per-share earnings are now seen near $244, actually rising in recent weeks, bucking the normal trend of declining earnings per share forecasts during a given year.

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