S&P 500 Earnings Are Growing at 47.5% — One of the Strongest Seasons in Years

The Main Points

• Analysts now estimate year-over-year S&P 500 earnings growth for the second quarter at 47.5%, according to FactSet data.
• That figure dwarfs the five-year average growth rate of 16.4% and the 10-year average of 10.3%.
• If the estimate holds, it would mark the second straight quarter of earnings growth above 20% for the index, and the seventh consecutive quarter of double-digit growth.