Friday Trick or Trend

Trick or trend: Analyst earnings estimates continue to fall for Q1

Trick or trend: Analyst earnings estimates continue to fall for Q1

Wall Street earnings estimates for the first quarter continue to retreat. According to FactSet, first quarter earnings per share in the Standard & Poor’s 500 are now expected to fall 4.3% year-over-year. That’s a further deterioration from the 4.1% drop in earnings Wall Street expected act the end of March. And it’s down from projections for 2% earnings growth three months ago.