EPS Estimate Cuts Smaller Than Average For S&P 500 In Q2

EPS Estimate Cuts Smaller Than Average for S&P 500 In Q2 by John Butters, FactSet

Over the course of the second quarter of 2016, analysts lowered earnings estimates for companies in the S&P 500. The Q2 bottom-up EPS estimate (which is an aggregation of the EPS estimates for all the companies in the index) dropped by 2.6% (to $28.65 from $29.43) during this period. How significant is a 2.6% decline in the bottom-up EPS estimate during a quarter? How does this decrease compare to recent quarters?

EPS Estimate Cuts

During the past year (four quarters), the average decline in the bottom-up EPS estimate during...