Analysts expect a decline in profits of the largest US enterprises in the second quarter at a record pace over 3 years

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Analytical company FactSet conducted a survey before the start of the corporate earnings season. Survey participants expect a decline in profits of the largest US companies from the Standard & Poor’s 500 index by 3% in annual terms, which will be the largest decline since the second quarter of 2016. So disappointing expert estimates are attributed to the negative impact on global GDP of the ongoing trade conflict between the United States and China. Reports published earlier by about 80 companies included in the calculation of the S & amp; P 500 index indicated an expected deterioration in quarterly earnings figures. The hope is inspired by the fact that in the first quarter the pessimistic estimation by experts of the companies' profits did not come true. Its rate fell by only 0.3% instead of the projected fall of 4%. In the same way, the forecast for the second quarter may not come true, as 20 of the 24 companies have already reported growth above market estimates.

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