Factset June 17, 2016
Q2 Earnings Forecast: -5.1% Decline
For Q2 2016, the estimated earnings decline is -5.1%. If the index reports a decline in earnings for Q2, it will mark the first time the index has recorded five consecutive quarters of year-over-year declines in earnings since Q3 2008 through Q3 2009.
On March 31, the estimated earnings decline for Q2 2016 was -2.8%. Eight sectors have lower growth rates today (compared to March 31) due to downward revisions to earnings estimates, led by the Information Technology sector.
P/E ratio of the leading sector: Consumer Staples "Smart Beta"
