Second-quarter earnings for S&P 500 companies are expected to have declined fractionally from the year-ago quarter, according to IBES data released on Wednesday from Refinitiv, with estimates for the just-finished period turning negative after gradually declining for weeks.
But actual earnings could end in positive territory since the majority of companies tend to beat analysts’ expectations when they report. That is what took place in the first-quarter reporting period, which was forecast to show an earnings decline but ended with profit growth of 1.6 per cent.The second-quarter earnings season is due to start in earnest in less than two weeks.
S&P 500 companies have been issuing negative outlooks for the second quarter at the highest rate since the first quarter of 2016, Nicholas Colas, co-founder of DataTrek Research, wrote in a research note Wednesday, citing data from FactSet.
globeinvestor Canadian earnings have plummetted - 1/2 of foreign investment is gone Indian wants Canada sanctioned for harbouring terrorists. Might want to lay off the USA = lots to talk about at home IE Why are Canada/China agricultural sales now being promised to the USA ie beans and meat?
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