Quarterly Updates

LPL Financial Research Quarterly Earnings Season Dashboard

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Source: LPL Financial Research, FactSet 05/22/2020

 

Important Disclosures:

Note: Revenue and earnings growth statistics are a blend of actual results and FactSet consensus forecasts for companies that have not yet reported. Trailing earnings cover the four quarters ending Q1 2020 and include estimates for Q1 2020, while forward earnings cover the four quarters beginning Q2 2020.

Any revenue forecasts presented are based on FactSet consensus. Any earnings forecasts are based on FactSet consensus, plus the long-term historical average for upside to estimates of 3%.

Past performance is not indicative of future results.

The economic forecasts set forth may not develop as predicted.

All indexes are unmanaged and cannot be invested into directly.

 

Tracking #1-05014383

LPL Financial Research Q1 2020 Earnings Season Dashboard

  • With 480 companies having reported, first quarter S&P 500 Index earnings are tracking to a 14% year-over-year decline. Consumer discretionary and financial companies are driving nearly all of the overall drop.
  • Consensus for the next 12 months’ earnings estimates have been cut by 20% since March 31, as many companies have withdrawn guidance amid heightened uncertainty around the economic recovery.

This Research material was prepared by LPL Financial, LLC.

 

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