S&P 500 Earnings And Revenue, Dragged Down By Energy, Are Expected To Fall 4.5% In Q2

Earnings season is upon us, and it may not look pretty, as year-over-year numbers are projected to decline.

A recent report from FactSet examines expectations for second quarter earnings as reporting season approaches. According to the report, year-over-year earnings and revenue for the S&P 500 are expected to decline by 4.5% for the second quarter of 2015.

If that happens, it will mark the largest year-over-year decline in earnings since the second quarter of 2009, when earnings plunged 15.5% and revenue fell 11.5%. The last time index reported a year-over-year decrease in earnings was a 1.0% dip in the third quarter of 2012.

Companies with high amounts of global exposure are expected to be the hardest hit.

According to FactSet, companies that generate...