Earnings per share are expected to be up across the board among the Russell 3000's major subsectors in 2017 relative to 2016. While fourth quarter earnings are still coming in, energy, health care and technology are expected to see significant bumps in profitability, according to consensus estimates compiled by Bloomberg.
The energy sector is expected to see the largest jump in profitability. Experts see crude oil surpassing $65 per barrel by summer 2017 as OPEC cuts begin to bear fruit on the market. The health-care industry is also expected to see a significant jump in earnings despite consensus views that consumer-focused pricing and greater competition from innovation will mute profits.