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This table shows the “expected” S&P 500 sector EPS growth for 2025.
Readers can see how the energy and basic materials sectors are expected to be a drag for 2024, i.e., the expected sector growth is actually a full-year decline, and
S&P 500 Earnings: Energy, Basic Materials Expected To Be 2024 Earnings Drags; Credit Spreads Matter
Summary
- The energy and basic materials sectors are expected to be a drag for 2024, i.e., the expected sector growth is actually a full-year decline, and are the only sectors with expected negative declines in EPS growth in 2024.
- The expected 2025 S&P 500 EPS growth rate has remained stable at 14-15%, and has risen from an expected 11% as of May-June ’23. There has been little downward pressure on the forward calendar year EPS estimates for the S&P 500.
- The credit markets are still giving no indication that even a small recession is imminent.
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.