Bloomberg Intelligence's 'Equity Market Minute' 7/13/2023

Gina Martin Adams from Bloomberg Intelligence discusses the S&P 500's second quarter earnings season. Analysts expect a 9% drop in EPS year-over-year, but this may not be the key statistic to watch. Excluding major constituents and the energy sector, a 5.5% drop is anticipated. However, a robust recovery is expected post-second quarter, contingent on margin improvements. The video highlights the importance of margins and the potential for earnings recovery in 2024.

What is the anticipated decline in EPS for the energy sector compared to last year?

What does the analyst community anticipate for earnings recovery after the second quarter?