Which S&P 500 Sector Has Seen the Least Impact to Earnings Expectations from COVID-19?
By John Butters, Jun 12, 2020
Although many restrictions are now being lifted, the economic lockdown caused by COVID-19 has had a substantial negative impact on earnings expectations for S&P 500 companies for 2020. In terms of earnings guidance from companies, more than one-third of S&P 500 companies have withdrawn EPS guidance for 2020. In terms of estimates from analysts, the S&P 500 has seen the largest cuts to earnings estimates for 2020 (on a per-share basis) since FactSet began tracking this data in 1996. While many sectors have witnessed a significant negative impact, are there any sectors that have not seen a substantial negative impact to earnings expectations for 2020 due to the virus?
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