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The Next Big Test for Stocks | WAYT
The Compound and Friends
Reasons for Expected Decline in S&P 500 Earnings
Rarely can you injure yourself falling out of a basement window, meaning the only way investors can be surprised is if earnings come in better than expected./nThe current estimate is that second quarter, S&P 500 earnings will be down 7.2% compared to the same quarter last year, marking the third consecutive quarter of year-over-year earnings decline./nThe decline in earnings is primarily attributed to the difficult comps faced by oil companies due to the skyrocketing energy prices in the previous year./nInvesting is challenging, particularly with potential consecutive quarters of year-over-year earnings per share decline, rising interest rates by the Fed, and regional bank blow-ups./nIt is worth examining the reasons behind the projected 7.2% decline in earnings, with a major factor being the challenging comparisons in the oil energy sector due to the exceptional earnings recorded in 2022.
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