If you have nothing nice to say…

FactSet points out that, for the first quarter earnings season coming up, virtually nobody has anything nice to say about their business trends…

For Q1 2015, 85 companies in the S&P 500 have issued negative EPS guidance and 16 companies have issued positive EPS guidance. If 16 is the final number of companies issuing positive EPS guidance for the quarter, it will mark the lowest number since Q1 2006. The number of companies issuing negative EPS guidance for Q1 2015 is above the trailing five-year average (76), but slightly below the trailing one-year average (87) for a quarter.

They note that the strong dollar / volatility in FX rates is the primary culprit.

Lowest Number of Companies Issuing Positive EPS Guidance Since 2006 (FactSet)

 

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