No earnings growth forecast for US firms due to coronavirus, Goldman Sachs says
Goldman expects the S&P 500 to trade at about 2,900 points in the near-term — 14.4% below the index's record closing high hit on February 19
27 February 2020 - 16:23
Bengaluru — US companies will generate no earnings growth in 2020 as the coronavirus spreads beyond China, deepening risks to global growth, Goldman Sachs said on Thursday.
The bank's analysts cut their baseline earnings per share estimate for S&P 500 index companies to $165 from $174 in 2020, implying that profits will likely remain unchanged from a year ago...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.