A note from equity analysts at Goldman Sachs, bullish for 2024 on US firms' earnings.
Currently their forecast is for S&P 500 companies’ earnings per share to rise 5% to $237 this year, well above the median $231-per-share forecast, but still in danger of being too low says GS:
- “We see potential upside to our EPS estimate from stronger US economic growth, lower interest rates, and a weaker dollar” despite lower oil prices
GS' most recent S&P 500 index forecast for 2024 was issued in December is 5100, raised from 4700 issued in November.
