It is the busiest week of the third-quarter earnings season, with 179 S&P 500 companies scheduled to report. Importantly, three of the Magnificent 7, Alphabet (GOOG/GOOGL), Microsoft (MSFT) and Amazon.com (AMZN), are scheduled to release earnings.

Beyond those three, notable companies scheduled to report earnings include: Boeing (BA), Coca-Cola (KO), Sherwin-Williams (SHW), United Parcel Service (UPS), Eli Lilly (LLY), Starbucks (SBUX), Sandisk (SNDK), Chevron (CVX), General Dynamics (GD) and ExxonMobil (XOM).

Earnings Season At A Glance

According to FactSet, 83% of S&P 500 companies are reporting earnings above consensus estimates, with 24% having released results.

Earnings Estimates Summary

Combining actual results with consensus estimates for companies yet to report, the S&P 500’s blended earnings growth rate for the quarter is 29.5% year-over-year, slightly above the 29.2% expectation at the end of the quarter. Notably, expected earnings growth for calendar year 2026 is 33.1%, while estimated growth for 2027 is 16.0%.

The S&P 500 fell 0.5%........

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