View this email as a web page here.

Below Average Cuts to S&P 500 EPS Estimates for Q2 as Energy Estimates Rise

By John Butters, May 6, 2019


During the month of April, analysts lowered earnings estimates for companies in the S&P 500 for the second quarter. The Q2 bottom-up EPS estimate (which is an aggregation of the median EPS estimates for all the companies in the index) dropped by 1.0% (to $41.04 from $41.45) during this period. How significant is a 1.0% decline in the bottom-up EPS estimate during the first month of a quarter? How does this decrease compare to recent quarters?