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0.010126582278481 0.010126582278481 0.0182025316455697 0.0178227848101266 0.0227848101265822 0.0329873417721519 0.0227848101265822 0.010126582278481
Stock impact report

U.S. energy companies' quarterly reports to show depths of slump [Reuters]

Allspring Global Dividend Opportunity Fund Common Shares of Beneficial Interest (EOD) 
Company Research Source: Reuters
U.S. energy companies' quarterly reports to show depths of slump NEW YORK (Reuters) - Investors are in for more bad news on the energy front in the coming weeks as a host of the sector’s biggest companies report quarterly results following the historic collapse in oil prices. Forecasts for U.S. energy sector earnings this year have dropped along with oil prices, weighing on shares along with worries over debt, layoffs and possible bankruptcies. Analysts see a 58.9% year-over-year decline in energy earnings for the first quarter, steeper even than the 37.7% decline they projected at the start of the month, according to IBES data from Refinitiv. For the year, energy earnings are estimated to drop more than 95%. Down a whopping 46% since Dec. 31, energy is by far the S&P 500’s worst-performing sector this year. For many Wall Street strategists, it has become a sector that is hard to recommend. “It’s all messy, and it suggests there’s no easy way out of this. We have too much supply and t Show less Read more
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