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Zacks Earnings Trends Highlights: J.P. Morgan, Bank of America and Citigroup

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For Immediate Release

Chicago, IL - April 08, 2016 - Zacks Director of Research Sheraz Mian says, "Growth has been negative in the preceding quarters and the outlook for the current quarter is no better."

What Will Q1 Earnings Season Bring?

The following is an excerpt from this week's Earnings Trends piece. To access the full article, please click here .

We know that the earnings picture is weak. Growth has been negative in the preceding quarters and the outlook for the current quarter is no better. We will know more in the coming days as the Q1 earnings season heats up, but earnings growth is on track to be in the negative for the fourth quarter in a row.

Estimates for the period fell sharply over the last three months, with the magnitude of negative revisions for the quarter the highest of any other recent period. A big driver of the Q1 negative revisions was no doubt the Energy sector, but that wasn't the only sector that suffered estimates cuts. Earnings estimates came down for 15 of the 16 Zacks sectors since the start of the quarter. Overall, Q1 estimates for 14 of the 16 Zacks sectors came down since the start of the period, with Utilities and Retail as the only two sectors that enjoyed modest positive revisions.

Estimates for the Finance sector dropped -9.8% since the start of quarter, with Q1 earnings growth for...


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