Goldman Sachs Forecasts 7% Rise in S&P 500 Q4 2014 Earnings YOY

As the first earnings season of 2015 in already heating up, Goldman Sachs gives an update, forecast and what to expect as the fourth quarter 2014 earnings season continues forward. While Goldman expects S&P 500 earnings per share figures of $30.20 for the fourth quarter 2014, up 7% from fourth quarter 2013, overall consensus is not as bullish. As of now, the general consensus for fourth quarter 2014 earnings is estimated to come in at $29.34, which as Goldman notes, is equal to what S&P 500 earned during the second quarter in 2014 and lower than the third quarter 2014…