Goldman sees zero earnings growth for US companies this year because of coronavirus
Posted on AllSides February 27th, 2020
From The Center
Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs.
The Wall Street firm revised its earnings estimate for the year to $165 per share from $174 per share, representing 0% growth in 2020. That is a dramatic move from the consensus. Forecasts still expect earnings to climb 7% this year.
“US companies will generate no earnings growth in 2020,” Goldman Sachs chief U.S. equity strategist David Kostin said in a note to clients on Thursday. “We have updated our...
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