Research Detail
| 2024/10/29 / Erste Group Research |
Good prospects for sales and earnings growth at US companies Recommendation changes: Hoya, Novo Nordisk Global equities: Stronger earnings growth expected 2025e: +10.5% (y/y) vs. 2024e: +5.5% (y/y) Earnings growth of +3.6% (y/y) is expected for the US equity market in Q3. The highest percentage earnings growth is forecast for the real estate (+35% y/y), technology (+24.7% y/y), financials (+18% y/y) and utilities (+15% y/y) sectors. The trend in earnings forecasts for European companies for Q3 is downwards. Two months ago, profit growth of around +7.5% (y/y) was forecast. The profit growth expected for the 3Q is now only +3% (y/y). Sales are expected to fall by -2.6% (y/y). The relative weakness of the European equity market compared to the global equity index will therefore continue. |
 Download PDF (8.5MB)
|
General information
| Author | Erste Group Research |
| Date | 2024/10/29 |
| Language |  |
| Product name | Recommendation List |
| Topic in focus | Equities |
| Economy in focus | Eurozone, Switzerland, United Kingdom, United States |
| Currency in focus | British Pound, Euro, Swiss Franc, US Dollar |
| Sector in focus | Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities |
| Download |
Related financial instruments
Page 1 of 5
| Name | ISIN | # Erste Group products |
| - | US16411R2085 | 0 |
| - | JP3837800006 | 0 |
| - | US90353T1007 | 0 |
| - | CA0084741085 | 0 |
| - | US7445731067 | 0 |
| - | CA4530384086 | 0 |
| - | US23331A1097 | 0 |
| - | US0404131064 | 0 |
| - | US79466L3024 | 0 |
| - | CH0012032048 | 0 |
| ABB | CH0012221716 | 0 |
| Abbott Laboratories | US0028241000 | 0 |
| AbbVie | US00287Y1091 | 0 |
| Adidas | DE000A1EWWW0 | 3 |
| Adobe | US00724F1012 | 0 |
| Advanced Micro Devices | US0079031078 | 0 |
| Alibaba | US01609W1027 | 0 |
| Allianz | DE0008404005 | 0 |
| Alphabet | US02079K3059 | 0 |
| Amazon.Com | US0231351067 | 0 |
| Amgen | US0311621009 | 0 |
| Anheuser Busch Inbev | BE0974293251 | 0 |
| Apple | US0378331005 | 0 |
| ASML | NL0010273215 | 0 |
| AT&T | US00206R1023 | 0 |