S&P 500 Index to end the year at 4,700 as earnings per share growth looks to be positive – UBS

Equity markets have faced pressure from rising yields. Economists at UBS forecast earnings per share growth of 10% for 2022 overall and 7% for 2023, with the S&P 500 Index trading at 4,700 by end-2022.

US earnings should prove resilient

“We forecast earnings per share growth for S&P 500 companies of 10% this year and 7% next.”

“In our base case, we expect the S&P 500 to end the year at 4,700 versus around 4,390 at present.”