With US Federal Reserve looking to hike rates, investors and companies have postponed their investments unsure of what a first rate hike might bring. So it is likely that US earnings might suffer in the second quarter wh…
With US Federal Reserve looking to hike rates, investors and companies have postponed their investments unsure of what a first rate hike might bring.
So it is likely that US earnings might suffer in the second quarter which brings S&P500, Dow jones and NASDAQ at risk of decline after earnings release. Strong US dollar has made imports cheaper than domestic products.
The above chart shows, analysts' expectation of earnings in the second quarter.
Analysts are expecting earnings to be down by -4.6% in the fourth quarter. This is the worst forecast since 2009. At end of March, Analysts were expecting decline of just -2.3%.
Latest decline in earnings growth is being contributed by consumer discretionary (down to 4.2% from 9%), utilities (down to 2.2% from 5.3%), Information technology (down to 1.1% from 4.3%), materials (down to 0% from 4%), industrials (down to -3.2% from 4.2%) and consumer staples (down to -3.6% from -1%).
Energy sector earnings are expected to decline the most by -61% and healthcare earnings are expected to be highest at 7.7%.
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