
The S&P 500 is experiencing a notable downturn in earnings revisions, with the worst performance since 2020. According to FactSet, of the 107 S&P 500 companies that provided earnings guidance for the first quarter of 2025, 68 have issued negative guidance. This figure exceeds both the five-year average of 57 and the ten-year average of 62. The trend is particularly pronounced in the Information Technology sector, where negative EPS guidance is also above the five-year average. Analysts attribute this trend to ongoing tariff discussions, which have contributed to a challenging environment for corporate earnings.
Amid Trump’s #tariff talk, more companies than usual are falling short of analyst expectations with their #earnings guidance. Of the 107 S&P 500 companies to issue guidance for 1Q2025, 68 have issued negative #guidance, chart @YahooFinance https://t.co/qmIZ4ZNr7T
The number of companies in the $SPX Information Technology sector issuing negative EPS guidance for Q1 2025 is above the 5-year average. #earnings, #earningsinsight, https://t.co/tBJepw4isW
68 $SPX companies have issued negative EPS guidance for Q1 2025, which is above the 5-year average of 57 and above the 10-year average of 62. #earnings, #earningsinsight, https://t.co/k3FfxNGEcz



