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https://www.marketwatch.com/story/earnings-recession-risk-in...

The S&P 500 looks set to suffer its first earnings recession in three years, as the number of companies cutting guidance is among the highest seen in the past 13 years.

The unofficial start of the second-quarter earnings reporting season is less than two weeks away, and preliminary reports suggest the outlook keeps getting worse. The blended year-over-year growth estimate for earnings per share for the S&P 500 SPX, -0.18% , which represents already reported results and the average analyst estimates of coming results, is negative 2.86% as of early Monday, with six of 11 sectors estimated to post declines, according to data provided by FactSet.

Actual reports, however, have been much worse. With 21 of the 505 S&P 500 companies, or 4.2%, having already reported results, actual reported EPS is down 14.18% from a year ago.
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