Corporate earnings season kicks off in the U.S. today, with major institutions weighing in on Q2 expectations and full-year forecasts:
FactSet:
🟠S&P 500 Q2 2025 earnings growth projected at +4.8% YoY—slowest pace since late 2023
LSEG:
🟠Forecast for S&P 500 Q2 earnings: +5.7% YoY (vs. +13.7% in Q1)
Goldman Sachs:
🟠The S&P 500 Index is forecast to rise 6% to 6,600 (up from a previous forecast of 6,100) in the next six months and 11% to 6,900 (up from 6,500) in the next 12 months
🟠No recession expected over the next 12 months
Sanctuary Wealth:
🟠Sees S&P 500 reaching 7,000 by end-2025 (+12% from current levels)
UBS:
🟠Cuts full-year S&P 500 earnings growth forecast to +6%
🟠Warns of potential technical recession in H2 due to tighter trade conditions