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Corporate earnings have hit a snag and could inject volatility into markets going into 2020.


In Q3, earnings beat preseason estimates but still experienced negative year-over-year growth, the worst quarterly performance since the 2015–16 earnings recession. Stock market returns are heavily reliant on earnings and, going forward, firms’ ability to kick-start profitability will be critical for broader equity market returns. Looking ahead, the earnings landscape could remain significantly hampered by increasing labor costs, sluggish global growth and geopolitical uncertainty.

Download this report to learn how this slump compares to the 2015–16 downturn, how global factors are impacting earnings, and why uncertainty around future profits could cause markets to fluctuate.


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