Wall Street just made its biggest earnings upgrade since 2021
The post Wall Street just made its biggest earnings upgrade since 2021 appeared on BitcoinEthereumNews.com. For all the noise about inflation and rate uncertainty this year, the numbers coming out of Wall Street’s research desks tell a different story than the one dominating headlines. Heading into the Q2 2026 earnings season, analysts haven’t been trimming their forecasts to hedge against a slowdown. They’ve been raising them — aggressively, and in a pattern that hasn’t been seen in five years. The biggest upgrade since 2021 Between March 31 and June 30, the bottom-up EPS estimate for the S&P 500 — essentially the aggregated median forecast across all 500 companies — climbed 3.4%, from $78.84 to $81.54. That might sound modest, but it runs directly against the grain of how earnings season typically unfolds. In a normal quarter, analysts cut their numbers as the quarter progresses, not raise them. Source: FactSet Over the past five years, the average decline during the quarter has bee