INVESTOR SERIES
S&P 500 sales and earnings per share are seen hitting record highs in the second quarter. But growth on both lines is expected to slow and profit margins are expected to narrow.
Consensus Estimate for S&P 500
Wall Street analysts’ consensus estimate is for S&P 500 revenue to come in 10.4% higher than in the same period last year, with 5.6% earnings growth. Excluding the energy sector, which has benefited from high oil prices, sales are expected to decline 2.4% and earnings are expected to increase by 6.7%.
However
The labor market will continue to soften as companies look to save costs, strategically cutting mid to higher level managements as interest rates continue to rise.
