Earnings season is almost here and companies are warning the results won’t be pretty


The US flag flies over shipping cranes and containers in Long Beach, California on March 4, 2019.

Mark Ralston | AFP | Getty Images

This upcoming earnings season is shaping up to be a weak one.

Because of uncertainty around trade wars and global growth, a bulk of U.S. companies are lowering the bar for their second-quarter earnings. Of the 114 companies that have issued earnings guidance for the period, 77% have issued negative forecasts, according to data from FactSet.

Thanks in part to those warnings, earnings are estimated by analysts to have declined by 2.9% year over year in the second quarter. At the start of the period, analysts expected earnings to be basically flat. If that estimate…


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