S&P 500 Q1 Earnings Growth Revised Down By 85% Of Companies

Declining earnings growth expectations for S&P 500 (INDEXSP:.INX) firms could bring a pall down over Wall Street. According to a March 14 report from financial research firm FactSet, there has been a major downward revision in earnings growth expectations among S&P 500 companies over the last couple of months.

S&P 500 earnings growth projection down from 4.4% to .3%

FactSet Senior Earnings Analyst John Butters gives an overview of the rapid change in expectations over the last couple of months. "The estimated earnings growth rate for Q1 2014 of 0.3% is also below the estimate of 4.4% at the start of the quarter (December 31). Nine of the ten sectors have recorded a decline in expected earnings growth due to...