S&P/TSX Firms Forecast 36.4% Q2 Earnings Growth as Q3 Seen Reaching 40%
Updated
Updated · Bloomberg · Jun 25
S&P/TSX Firms Forecast 36.4% Q2 Earnings Growth as Q3 Seen Reaching 40%
1 articles · Updated · Bloomberg · Jun 25
Summary
36.4% earnings growth is projected for S&P/TSX Composite Index members in the second quarter, with Bloomberg Intelligence expecting that pace to accelerate to 40% in the third.
Those gains would outstrip the just-finished US reporting season, where S&P 500 companies posted 28% profit growth in one of their strongest earnings periods in years.
The expected surge would mark the Canadian benchmark's sharpest earnings expansion since the 2021 rebound from the Covid-19 pandemic.
With first-half reporting about to give way to second-quarter disclosures, Canada is positioned to become the next standout in North American earnings growth.