The first earnings recession for the S&P 500 since 2016 is taking shape

Earnings reporting season is more than half over, and hopes for an improvement to growth, which historically has taken hold in the latter half of the year, are fading fast.

Through Tuesday morning, 264 of the 505 S&P 500 companies SPX, -0.26%, or 52.3%, had reported second-quarter results. The aggregate blended earnings-per-share estimate, which includes both actual and estimated results, was for a decline of 2.24%, according to FactSet data, compared with an estimate of a 3.0% decline just before earnings reporting season started.

That would suggest second-quarter EPS growth could eventually improve to growth of about 0.7% from a decline of 3.0% at the start of the season. So with the current improvement at just 80 basis points, to negative 2.2% from negative 3.0% at the start of earnings season, the odds of a typical swing to growth have diminished.

Meanwhile, the outlook for the third quarter has worsened. The blended EPS estimate is for a decline 2.2%, compared with a decline of 1.1% at the start of earnings season.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Goldman Sachs ups S&P 500 forecast but cuts earnings outlookGoldman Sachs raised its 2019 year-end price target for the U.S. benchmark S&P 500 index by 3% to 3,100 points on Tuesday.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Goldman Sachs says S&P 500 bull-run has legs but cuts earnings outlookGoldman Sachs said on Tuesday it has raised its 2019 target for the U.S. benchma...
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »

Tech stocks are soaring and could rise another 20%, according to S&P 500 history dating back to 1990Technology stocks are up 30% in 2019, and a look at the history of the S&P 500 back to 1990 indicates that the run in the tech sector is far from over. No, it’s GOLD time
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »