Other - MAY 22, 2020

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FS Investments: Q1 S&P 500 earnings decline 14% yoy

by Andrea Zander

First-quarter earnings by companies in the S&P 500 Index declined by 14 percent year-over-year, making it the worst quarter for earnings since the global financial crisis, reported FS Investments. And the second quarter is expected to be even worse.

Additionally, a record number of companies withdrew earnings guidance, reinforcing the sense that investors are flying blind, according to FS Investments. Markets have not yet priced in a large decline in future years’ earnings as they had by the peak of the global financial crisis. This opens stocks up to further potential volatility.


To read the full report, click here.

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