Energy Sector Faces 26% Earnings Drop as Q2 Season Begins ...Middle East

Earnings season is here again, with second-quarter earnings season set to begin in earnest during the second full week of July. According to FacetSet Earnings Insight, companies in the S&P 500 are expected to report aggregate earnings growth of 5.0%, marking the lowest growth by the market in seven quarters. FactSet has reported that Wall Street is most bearish about the energy sector, and has lowered EPS estimates for oil and gas companies by the largest percentage amongst all 11 market sectors at -18.8% to $22.7 billion from $27.9 billion…

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