S&P 500 Q3 earnings growth estimate slips to 29%
SPY•Blended S&P 500 third-quarter 2026 earnings growth stood at 29% on October 16, down from 29.4% a week earlier. With 9% of companies reporting, 84% beat estimates, while aggregate earnings exceeded estimates by 2.6%.
1. Earnings estimate eases
Health Care earnings-estimate cuts drove the decline in blended earnings growth, partially offset by upward revisions in Energy. Blended revenue growth rose to 12.6% from 12.4% a week earlier, led by upward Energy revisions and Health Care revenue surprises. The 2.6% aggregate earnings surprise was below the five-year average of 7.5%.
