These are the estimates for Q4 2023:
Noticeable was the revision down for this quarter. At the end of last quarter, both Refinitiv and Factset were estimating about $58 EPS for the S&P500, and now it is only ~54.
Maybe it was because of the outperformance last quarter since about ~$55 was estimated, and the actual was more than $58.
2024 EPS is estimated to continue to be very strong at ~11%, even though it has been revised from ~$247 to ~$243. I am still unsure how an economy that it is expected to only grow ~1% in 2024 can produce an 11% earnings growth, even more with inflation and pricing power decreasing.
Refinitiv:
Factset:
