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Fewer S&P 500 companies are citing 'recession' in their Q1 earnings calls, continuing a trend for the seventh straight quarter. From March 15 through June 6, only 29 companies mentioned the term 'recession,' significantly lower than the 5-year average of 83 and the 10-year average of 60. The Financials and Industrials sectors have the highest number of companies citing 'recession,' with 11 and 7 companies respectively.
"At the sector level, the Financials (11) and Industrials (7) sectors have the highest number of S&P 500 companies citing 'recession' on Q1 earnings calls." @FactSet https://t.co/fYdng4v8zT
Fewer S&P 500 Companies Discussing “Recession” on Earnings Calls for 7th Straight Quarter https://t.co/amNs9AzyIT
Just 29 companies cited the term "recession" during earnings calls from March 15 through June 6. That's well below the 5- (83) and 10-year (60) averages. @FactSet https://t.co/wCfM03rJ9I