S&P 500 Companies Predicted to Post 22.5% EPS Growth in Q2, Highest Since 2021

According to FactSet data, Wall Street analysts predict earnings-per-share growth of 22.5% for S&P 500 companies in Q2, the highest rate forecasted for blue chip earnings since 2021. Bloomberg's estimate stands even higher at 25% year over year, driven by AI gains and economic expansion. Energy stocks are set to lead with a projected 121% earnings increase tied to Iran-related energy price surges, while technology is forecast to grow 62% year over year. Health care, by contrast, is expected to see per-share earnings decline 9%.

The unofficial start of earnings season begins July 14, when JPMorgan Chase reports.