NVIDIA Leads Q3 2024 Earnings Growth Forecast

TradingKeyOct 8, 2024 9:38 AM

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TradingKey - S&P 500 earnings estimates for Q3 2024 have declined but are still expected to show year-over-year growth for the fifth consecutive quarter. Analysts also expect double-digit growth starting in Q4.

Q3 2024 earnings are expected to grow 4.2% year-over-year. Eight of eleven sectors are projected to grow, with Information Technology, Health Care, and Communication Services leading with double-digit gains.

NVIDIA’s earnings are projected to reach $0.74, driving the most growth in the IT sector. Pfizer’s earnings are expected to be $0.59 and Eli Lilly’s $4.48, contributing the most to growth in the Health Care sector. Alphabet’s earnings are projected to be $1.83 and Meta’s $5.19, leading growth in the Communication Services sector.

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