Q2 2025 Earnings Season Preview

  • Next week, the Q2-2025 earnings season will begin in earnest as a barrage of S&P 500 companies report. Over the last few months, according to data from S&P Global, the Q2-2025 earnings estimates have declined from $234/share in the original March 2024 estimate to $220/share as of June 15th. There are three core drivers to explain the steeper-than-normal downward revisions in Q2-2025 earnings.