Earnings season will probably suck. So, what else is going on?

We’ve seen Q2 estimates slowly taken down for almost the entire spectrum of S&P sectors all spring and summer long.  Steven Russolillo at MarketBeat tells us what we can expect:

Analysts currently expect second-quarter earnings growth for S&P 500 companies to come in a negative 2.1% rate, according to S&P Capital IQ. That would mark the worst growth rate since the second quarter of 2009.

Specifically, only three sectors — industrials, tech and consumer staples — are expected to see earnings expand, while the rest are expected to register slower growth.

Materials and energy lead the laggards, as both sectors are forecasted to report earnings growth slowed by 12% and 11%, respectively. The expected slowdown in the materials sector — specifically in the manufacturing and aluminum industries — comes after manufacturer Cummins and aluminum producer Alcoa reported disappointing quarterly results earlier this week.

I’m doing very little little trading here, content to watch over a dividend-focused, large value-oriented portfolio as we head into what looks to be an earnings season not to remember.

What else is going on?  Everything good otherwise?

Source:

Profit Growth? Not This Earnings Season (MarketBeat)

 

 

 

What's been said:

Discussions found on the web
  1. replicas hublot watches commented on Jan 01

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2012/07/11/earnings-season-will-probably-suck-so-what-else-is-going-on/ […]

  2. Institutional Repository commented on Jan 05

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2012/07/11/earnings-season-will-probably-suck-so-what-else-is-going-on/ […]

  3. rbc online commented on Jan 26

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2012/07/11/earnings-season-will-probably-suck-so-what-else-is-going-on/ […]