As Expected, Corporate Earnings Estimates Coming Down

By Tom Burnett CFA In its most recent release (April 3, 2020), FACTSET indicates that consensus earnings estimates for the S/P 500 companies are coming down rapidly. As many companies withdraw “guidance” and explain the negative impact of the coronavirus outbreak on their operations, analysts are…

By Tom Burnett CFA On April 3, 2020, the Bureau of Labor Statistics released its March Employment Report. As expected, the nation’s employment situation has worsened considerably. The cause of the jobs decline is obvious—the coronavirus has sickened countless workers and consumers and the measures…

On March 30, 2020 Starboard Advisors was joined by Charlton “Chat” Reynders, Chairman & CEO at Reynders McVeigh Capital Management and Kevin Walkush, Portfolio Manager at Jensen Investment Management for a conference call and webinar, “The COVID-19 Impact: A Discussion and & Outlook on the US Economy…

BY Tom Burnett CFA On March 27, 2020, the Organization of Economic Co-operation a Development in Paris issued a formal announcement on the impact of the coronavirus outbreak on the global economy. The announcement gave an update to the group’s forecast for global growth issued last November. World…

By Tom Burnett, CFA Looking at the latest data from FACTSET, it is apparent that the negative impact of the Coronavirus outbreak on economic growth is falling on corporate earnings forecasts. As economists revise downward their full year 2020 projections for U.S. GDP growth, research analysts are lowering…