Sunday , September 20 2020
Home / Constantin Gurdgiev: True Economics / 24/3/20: Q2 2020 S&P 500 Earnings Outlook: Not As Ugly as It Will Be

24/3/20: Q2 2020 S&P 500 Earnings Outlook: Not As Ugly as It Will Be

Summary:
Per Factset March 23 report, "the aggregate earnings growth rate for Q2 2020 changed from slight year-over-year earnings growth on March 12 (+0.8%) to a slight year-over-year earnings decline on March 13 (-0.7%)." Note: back at the end of January 2020, the expectation was for y/y growth of 5.9 percent. Worse, "expectations for earnings growth for Q2 2020 have been falling over the past few months. On September 30, the estimated earnings growth rate for Q2 2020 was 8.0%. By December 31, the estimated earnings growth rate had fallen to 5.7%. Today, the estimated earnings decline is -3.9%." "Four of the 11 sectors are now projected to report a year-over-year decrease in earnings for the second quarter: Energy (-68.4%), Consumer Discretionary (-14.4%), Industrials (-9.9%), and Financials

Topics:
[email protected] (TrueEconomics) considers the following as important: , , , , , ,

This could be interesting, too:

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 26, Part 3: Did We Say ‘Transitory’? Nah, Nevermind

[email protected] (TrueEconomics) writes 18/9/20: COVID19 Update: Countries with more than 100,000 cases

[email protected] (TrueEconomics) writes 18/9/20: COVID19 Update: U.S. vs EU27

[email protected] (TrueEconomics) writes 18/9/20: COVID19 Update: Worldwide Cases and Deaths


Per Factset March 23 report, "the aggregate earnings growth rate for Q2 2020 changed from slight year-over-year earnings growth on March 12 (+0.8%) to a slight year-over-year earnings decline on March 13 (-0.7%)." Note: back at the end of January 2020, the expectation was for y/y growth of 5.9 percent. Worse, "expectations for earnings growth for Q2 2020 have been falling over the past few months. On September 30, the estimated earnings growth rate for Q2 2020 was 8.0%. By December 31, the estimated earnings growth rate had fallen to 5.7%. Today, the estimated earnings decline is -3.9%."
24/3/20: Q2 2020 S&P 500 Earnings Outlook: Not As Ugly as It Will Be

"Four of the 11 sectors are now projected to report a year-over-year decrease in earnings for the second quarter: Energy (-68.4%), Consumer Discretionary (-14.4%), Industrials (-9.9%), and Financials (-7.4%)."

All of that, before the second half of March kicked in...

Leave a Reply

Your email address will not be published. Required fields are marked *