Earnings season is upon us again. And analysts think they know where the greatest growth in the S&P 500 will come from.
Wall Street is calling for 100% or greater adjusted earnings per share growth from seven S&P 500 stocks, including Expand Energy, Coinbase Global and Micron Technology, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
That's standout growth any way you look at it. The average S&P 500 company's expected earnings growth is 23.1% for the quarter. And all combined and market-value weighted, S&P 500 earnings are seen growing just 4.8%, which would mark the lowest growth rate since the fourth quarter of 2023 when it was 4%, says John Butters, analyst at FactSet.
Earnings Season To Ramp Up
Expect lots of S&P 500 financial companies to report results this week. More than half of the companies seen reporting are in the financial sector, Butters says.
And so far, results are mixed. Only 71% of the companies to report so far topped quarterly earnings forecasts. That's down from the 78% average in the past five years. Additionally, companies that do beat earnings targets are only doing so by 4.6%. That's well shy of the typical 9.1% beat in the past five years.
Powering Earnings Growth
Oklahoma City-based oil and gas producer Expand Energy is the profit grower to beat in the second quarter. It's seen making $1.34 a share in the quarter, a jump of nearly 13,300% from the same quarter a year ago. The stock's chart isn't great now, with an RS Rating of 64 and EPS Rating of 43. But analysts think the company's profit will rise 435% in the full year. Shares are up 6.9% this year.
Cryptocurrency market Coinbase is next up. Analysts think it will earn $1.32 a share in the second quarter, up 843% from the same year-ago period. The stock carries an RS Rating of 97, but low EPS Rating of 36. Analysts think profit will shrink 31% this year before gaining 48% in 2026. Investors, though, aren't wasting time to get in. Shares are up 56% this year.
Earnings season always brings its fair share of surprises. But analysts are already braced for some big numbers.
Fastest S&P 500 Earnings Growth Expected
In second quarter of 2025
| Company Name | Ticker | EPS Q2 2025 Gr. |
|---|---|---|
| Expand Energy | EXE | 13,296.6% |
| Coinbase Global | COIN | 843.4% |
| Micron Technology | MU | 158.8% |
| Seagate Technology | STX | 131.7% |
| Vistra | VST | 124.8% |
| Carnival | CCL | 119.0% |
| Allstate | ALL | 107.6% |
