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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.

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General information

AuthorErste Group Research
Date2024/10/29
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Switzerland, United Kingdom, United States
Currency in focusBritish Pound, Euro, Swiss Franc, US Dollar
Sector in focusAutomobiles & 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
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