John Butters

2 days ago | insight.factset.com | John Butters

The median estimate for total nonfarm payroll employment for the month of May 2025 is 130,000. If 130,000 is the actual increase in nonfarm payrolls, it will mark a decrease relative to the previous month. It will also be below the trailing 12-month average of 156,800. April 2025 total nonfarm payroll employment increased by 177,000 compared to the median estimate of 133,000.

5 days ago | insight.factset.com | John Butters

With NVIDIA reporting actual results for Q1 on May 28, all the companies in the “Magnificent 7” have now reported earnings for the first quarter. How did the earnings reported by these seven companies perform relative to analyst expectations and year-ago results? On March 31, the estimated earnings growth rate for the “Magnificent 7” companies for Q1 was 16.0%. Overall, 86% (6 out of 7) of the “Magnificent 7” companies reported a positive EPS surprise, compared to 78% for all S&P 500 companies.

1 week ago | insight.factset.com | John Butters

Given concerns in the market about inflation and tariffs, have analysts lowered EPS estimates more than normal for S&P 500 companies for the second quarter? The answer is yes. During the months of April and May, analysts lowered EPS estimates by a larger margin than average. The Q2 bottom-up EPS estimate (which is an aggregation of the median EPS estimates for Q2 for all the companies in the index) decreased by 4.0% (to $62.91 from $65.55) from March 31 to May 29.

1 week ago | insight.factset.com | John Butters

Earnings By John Butters  |  May 29, 2025 Each week, Earnings Insight offers analysis of critical trends in the S&P 500. Here are key highlights of the first quarter 2025 earnings season. This blog post is for informational purposes only. The information contained in this blog post is not legal, tax, or investment advice.

2 weeks ago | insight.factset.com | John Butters

During each corporate earnings season, companies often provide guidance on expected earnings for future quarters or for the full year. However, given the uncertainty around tariffs, are companies having difficulty providing an estimate for future earnings? As a result, how many S&P 500 companies have withdrawn EPS guidance for 2025 during the Q1 earnings season? On the other hand, how many S&P 500 companies have provided EPS guidance for 2025 during the Q1 earnings season?