Our Forecasts: 4Q24 Earnings

Our algorithms forecast that, collectively, S&P 500 companies will register a 5.20% (+/- 0.30%) year-over-year (YoY) increase in revenue for the fourth quarter of 2024. The majority of industries are expected to show positive YoY revenue growth, defined as a rise in revenue from 4Q23 to 4Q24. For the YoY growth of aggregated earnings before interest, taxes, depreciation, and amortization (EBITDA) of the S&P 500, our models project it to be in the high single digits. EBITDA margins are expected to expand, marked by an increase in YoY EBITDA margin growth between the third and fourth quarters of the year.

Our machines predict steady year-over-year revenue growth, with solid mid-single-digit gains. Revenue growth has stabilized around 5% YoY, consistent with the previous quarter, and this trend is expected to carry into the first quarter of 2025.

For access to our fundamental forecasts, contact us at support@odinultra.ai.