Zacks Earnings Trends Highlights: Meta Platforms and Nvidia

For Immediate Release

Chicago, IL – July 30, 2025– Zacks Director of Research Sheraz Mian says, "For the 198 S&P 500 companies that have already reported Q2 results, total earnings are up +7.0% from the same period last year on +5.5% higher revenues."

Earnings Outlook Steadily Improves: Mag 7 Reports On Deck

Note: The following is an excerpt from this week'sEarnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Here are the key points:

• The picture emerging from the Q2 earnings season, with almost 40% of the results already in, is one of strength and steady improvement. Not only are an above-average proportion of companies beating consensus estimates, but estimates for the current and coming periods are also going up.
• For the 198 S&P 500 companies that have already reported Q2 results, total earnings are up +7.0% from the same period last year on +5.5% higher revenues, with 82.8% beating EPS estimates and 79.8% beating revenue estimates.
• For the Tech sector, we now have Q2 results from 22.4% of the sector's market capitalization in the S&P 500 index. Total earnings for these Tech companies are up +15.2% from the same period last year on +10.6% higher revenues, with 90.9% beating EPS estimates and 100% beating revenue estimates.
• For the Finance sector, we now have Q2 results from 64.5% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +17.6% from the same period last year on +5.8% higher revenues, with 90.0% beating EPS estimates and 76.0% beating revenue estimates.

An Emerging Positive Estimate Revisions Trend

Regular readers of our earnings commentary are familiar with a persistently negative revisions trend that has been in place since the start of the year, with the unfavorable trend accelerating at the beginning of Q2 with the Trump administration's tariff announcements.

The revisions trend notably stabilized as we have gone through Q2 and has actually started turning positive in recent days.

Since the start of Q3 this month, estimates have modestly increased for half of the 16 Zacks sectors, including Finance, Tech, Energy, Consumer Discretionary, Autos, and others.

On the negative side, Q3 estimates are still under pressure for the other 8 Zacks sectors, with significant declines to estimates for the Medical, Basic Materials, Construction, Transportation, and other sectors.

For the Tech sector, Q3 earnings are expected to be up +8.0% from the same period last year on +11.2% higher revenues.

You can look at Q3 estimates for Tech players like Meta Platforms (META), Nvidia (NVDA) and others.

Meta, which reports Q2 results on July 30^th, is currently expected to bring in $5.92 per share in earnings in Q3. Estimates for Meta have been on a steady uptrend, with the current $5.92 EPS estimate increasing by +1.2% over the past week and +2.6% over the past month. Nvidia, which will be the last Mag 7 company to report Q2 results on August 27^th, is expected to earn $1.60 per share in Q3, up +0.9% over the past week and +1.8% over the past month.

This positive revisions trend is even more notable for the big banks and brokers like JPMorgan, Citigroup, Goldman Sachs, and others in the Finance sector.

Earnings Expectations for 2025 Q2 & Beyond

The positive results from almost 40% of S&P 500 members have helped push the Q2 earnings growth expectation higher, with earnings for the S&P 500 index now expected to increase by +7.6% from the same period last year on +5.2% higher revenues.

We have been pleasantly surprised by the aforementioned favorable revisions trend, which validates the market's rebound from the April lows. Given the positive run of Q2 results, it will make sense for this trend to remain in place over the coming weeks as we go through this reporting cycle.

Free: Instant Access to Zacks' Market-Crushing Strategies

Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.

Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.

Get all the details here >>

Follow us on Twitter:  https://twitter.com/zacksresearch

Join us on Facebook:  https://www.facebook.com/ZacksInvestmentResearch/

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

https://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research