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S&P 500 EPS estimates surged 50% in 18 months, driven by Anthropic's impact, but growth may not last.

Company Fundamentals
18 Sep 2026
Seeking Alpha
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Bullish
S&P 500 EPS estimates surged 50% in 18 months, driven by Anthropic's impact, but growth may not last.

With just two weeks left in Q2 2026 reporting and about four weeks before Q3 earnings begin, S&P 500 earnings per share (EPS) estimates have grown remarkably, rising 50% in 18 months to an expected $363.71 by year-end 2026. This surge is largely due to a significant markup from Anthropic, which contributed 15% to Q2 EPS growth, excluding other factors like tariff refunds. However, this rapid growth is considered unlikely to be sustainable. The current EPS estimates mark the first time quarterly EPS has reached $100 levels, highlighting an unusual spike influenced by specific company impacts rather than broad market trends.

The S&P 500 quarterly EPS estimate has reached an unprecedented $100 per share, reflecting a 50% rise over 18 months to an expected $363.71 by year-end 2026. For readers following US stocks on Pluang, here is the market snapshot as of Sep 19, 2026 08:11 WIB: out of 150 priced US stocks, 52 rose and 97 fell today. Notable movers include Micron Technology (MU) at USD 1,015.80 with a 1-day change of +3.92% and a typical hold time of 46 days, Zoom Video Communications (ZM) at USD 88.77 down 3.68% with 100% buy order activity, and Spotify Technology (SPOT) at USD 509.45 down 3.67% with 88% sell order activity.

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