Our Forecasts: 2Q24 Earnings
By Big Data Federation, Inc.
Our models predict that, collectively, S&P 500 companies will report a 4.93% (+/- 0.85%) YoY increase in revenue and margin growth for the second quarter of 2024. Several sectors are poised for revenue acceleration, demonstrated by a rise in positive year-over-year (YoY) revenue growth from the first to the second calendar quarter. Interestingly, only industrials exhibit significant declining revenue figures. Concerning earnings before interest, taxes, depreciation, and amortization (EBITDA), our algorithms forecast a widespread acceleration for the majority of sectors in both EBITDA and EBITDA margins.
Our algorithms propose that earnings will ramp up into this summer and distinctly highlight the normalization of earnings to pre-pandemic levels, as demonstrated below. We know of no other systematic, large-scale forecasting that achieves such high precision as our robust machines.
OdinUltra users may view live updated fundamentals forecasts by Sectors under the Forecasts tab or by typing “forecast sectors” on the chat tab.
About OdinUltra
OdinUltra is a cutting-edge no-code specialized AI platform, designed to cater to a wide array of professionals in the asset management industry. It is a battle-tested specialized partner that empowers users including discretionary, quantitative, multi-asset, and multi-strategy managers to harness the immense potential of big data and sophisticated investment techniques. From idea exploration and construction to verification and deployment, OdinUltra is an all-encompassing tool. Asset managers can enhance existing products and rapidly develop new ones, securing a competitive edge in the dynamic world of asset management.
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