Citi strategists predict a "beat-and-hold" Q1 S&P 500 earnings season with unchanged growth expectations and a 2024 EPS estimate of $245.
Citi strategists report a "beat-and-hold" Q1 earnings season for S&P 500, with growth expectations largely unchanged. Despite mixed sector performance, valuations indicate strong fundamentals, and Citi's 2024 EPS estimate of $245 remains attainable. S&P 500 EPS upside surprise this quarter is +8.4% larger than previous quarters, with tech earnings remaining healthy.
May 06, 2024
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