Earnings season: Wall St. expects first EPS decline in 3 years

  
Via:  krishna  •  2 months ago  •  4 comments

Earnings season: Wall St. expects first EPS decline in 3 years
Wall Street is expecting a 3% year-over-year decline in S&P 500 (^GSPC) earnings per share.

S E E D E D   C O N T E N T


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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2019. REUTERS/Brendan McDermid

It’s that time of year again.

Earnings expectations for the third quarter, which unofficially kick off next week with reports from major banks like JPMorgan Chase ( JPM ), are looking grim.

Wall Street is expecting a 3% year-over-year decline in S&P 500 ( ^GSPC ) earnings per share.

If realized, 3Q would mark the first year/year decline in quarterly EPS since 2Q 2016 and since 2Q 2009 when the Energy sector is excluded,” wrote Goldman Sachs analysts, led by chief U.S. equity strategist David Kostin, in a note to clients.


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Krishna
1  seeder  Krishna    2 months ago

Earnings expectations for the third quarter, which unofficially kick off next week with reports from major banks like JPMorgan Chase (   JPM  ), are looking grim.

 
 
 
Krishna
2  seeder  Krishna    2 months ago

 If realized, 3Q would mark the first year/year decline in quarterly EPS since 2Q 2016 and since 2Q 2009 when the Energy sector is excluded,” wrote Goldman Sachs analysts, led by chief U.S. equity strategist David Kostin, in a note to clients.

 
 
 
FLYNAVY1
2.1  FLYNAVY1  replied to  Krishna @2    2 months ago

Telecom sector is seeing a pullback in orders and growth across the board for cellular system expansion.  T-Mobile, Verizon, Huawei, Ericsson, Nokia..... They've all canceled orders, and really dropped back projections for Q1.  This is more than waiting on 5G expansion.

 
 
 
Dean Moriarty
4  Dean Moriarty    one week ago

( ^GSPC ) set another record high today.

 
 
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