Equity valuations rebounding, with bleak earnings a wild card

s, but huge uncertainty around earnings this year because of the economic fallout from the coronavirus makes for challenges in valuing shares.

Meanwhile, analysts expect earnings for S&P 500 companies to drop 17.9% in 2020 from the previous year, the IBES data shows. That is much steeper than the 3.5% decline estimated at the start of the month. Analysts’ earnings expectations could fall further, giving investors further reason to question current multiples.Story continues below advertisement

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