Q2: 50% YOY?!?

S&P 500 Q2 estimated bottom-up operating EPS continues to move higher as reporting comes to a close. The current figure of $100 stands at a mind-boggling 23% above the final “pre-reporting” estimate logged at the end of June. The resulting vertical line on our Q2 snail trail seems almost laughable. YOY EPS Growth is now nearing an amazing 50%. This feat is even more impressive given the fact that the look-back comparison was not a severe downturn. In fact, Q2-25 was a strong earnings quarter (+11% YOY).