Reported about 21 hours ago
As the new earnings season approaches, analysts have significantly lowered their earnings estimates for S&P 500 companies. A recent FactSet analysis shows that more companies are projecting first-quarter results below analysts’ expectations, raising concerns about the health of the U.S. economy amidst market volatility. Interestingly, the financial sector is the only sector to see an increase in its full-year earnings per share estimate.
Source: YAHOO