Q3 Earnings Outlook: Only Tech, Utilities Estimates Revised Upwards

Includes: IVV, SPY, XLF, XLK, XLU, XLY
by: Bespoke Investment Group

As shown below, estimates of third quarter earnings for the Technology and Utilities sectors are the only two that have risen over the past four weeks. Estimates for Consumer Discretionary and Financials have fallen by the most, but at -1.06% and -2.97% respectively, it's not too extreme.

For the S&P 500 as a whole, over the past four weeks, Q3 EPS estimates have fallen by 0.98% and Q4 EPS estimates have fallen by 0.57%.