Second quarter earnings season is winding down, and with most of the reports in, the results have been mostly positive.
Over 92% of S&P 500 index companies have reported results, and as of Aug. 18, analysts expected S&P 500 companies to report an 11% jump in earnings per share during the second quarter.
Companies had lower expectations to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
Highly anticipated reports from Walmart (WMT), Target (TGT), Home Depot (HD), and Lowe’s (LOW) are being watched for insights into consumer spending.
Other major companies reporting this week include BJ’s Wholesale (BJ), TJX Companies (TJX), Ross Stores (ROST), Estée Lauder (EL),…
