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Stock impact report

Earnings Watch: Earnings recession set to end with a fourth-quarter comeback [MarketWatch]

Schlumberger N.V. (SLB) 
Last schlumberger n.v. earnings: 4/17 06:50 am Check Earnings Report
US:NYSE Investor Relations: investorcenter.slb.com
Company Research Source: MarketWatch
Earnings recession set to end with a fourth-quarter comeback The earnings recession of 2019 will soon be over, as history suggests investors can count on a fourth-quarter comeback that flips the earnings growth outlook to positive from negative. Aggregate earnings for S&P 500 companies SPX, +0.39% fell from a year ago for the first three quarters of 2019, matching the three-quarter streak of declines ending with the second quarter of 2016, according to FactSet data. A recession is generally defined as two-straight quarters of declines. As the earnings-reporting season gets under way, it’s understandable if investors are worried. With 9% of the S&P 500 having reported results through Friday, the aggregate blended growth estimate, which tracks earnings already reported and the average analyst estimates of coming results, is indicating a 2.4% decline, according to FactSet. That’s worse than the 2.0% decline projected just before the start of earnings season, which unofficially began w Show less Read more
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