Part 6/9:
At the year's outset, consensus earnings growth forecasts for the S&P 500 settled around 15%. Jason Dro anticipates some downward revision from that figure, though specifics will depend on different analytical approaches. The bottom-up analysts often display optimism that may subsequently be adjusted lower, while top-down analyses provide an adjusted growth expectation around 9% based on last quarter’s earnings. He posits that while guidance from companies may lean towards caution, the overall earnings narrative remains relatively positive.