Earnings Mean Reversion: When Estimates Snap Back

Published on September 22, 2026

This has been an incredible year in that Wall Street has spent all of it raising its earnings estimates, and the second-quarter season only accelerated the trend. Analysts began the year expecting S&P 500 earnings to grow about 15%.

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Why Big Tech’s AI Capex Is Now Outrunning Cash Flow

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$33B Merit President Mayhue to Take CEO Role as Founder Kent Becomes Executive Chair

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