S&P 500 EARNINGS SEASON UPDATE: AUGUST 7, 2020
To date, 89% of the companies in the S&P 500 have reported actual results for Q2 2020
The blended Earnings Decline for the second quarter is -33.8%, which is smaller than the earnings decline of -35.7% last week.
If -33.8% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q1 2009 (-35.4%).
It will also mark the fifth time in the past six quarters in which the index has reported a year-over-year decline in earnings.