EARNINGS UPDATE 2019 Q3
Publicly traded companies are in the first week of earnings announcements for the second quarter 2019, ‘earnings season’ for Q2 will end by mid August.
Expectations, as measured by FactSet, are for the second quarter in a row of negative earnings growth for the S&P 500.
Source: FactSet, Bloomberg
FactSet, in their 07/19/2019 Weekly Earnings Insight, noted that there is an expectation that Q3 earnings are estimated to be negative as well.
Source: FactSet Earnings Insight 07/19/2019
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DEFINITIONS
Factset – FactSet provides financial information and analytical applications to global buy and sell-side professionals, including portfolio managers, market research and performance analysts, risk managers, sell-side equity researchers, investment bankers, and fixed income professionals. FactSet's software platform, also called FactSet, includes real-time news and quotes, company and portfolio analysis, multi-company comparisons, industry analysis, company screening, portfolio optimization and simulation, predictive risk measurements, alphatesting and tools to value and analyze fixed income securities and portfolios.
S&P 500: The modern design of the S&P 500 stock index was first launched in 1957. Performance back to 1950 incorporates the performance of predecessor index, the S&P 90.
The index is a capitalization weighted index of the 500 large companies listed on various stock exchanges (such as the NYSE or NASDAQ). The S&P 500 was developed and continues to be maintained by S&P Dow Jones Indices, a joint venture majority-owned by S&P Global. The S&P 500 differs from the Dow Jones Industrial Average and the NASDAQ Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market.
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