Q2 EPS Note from Goldman Sachs: 2Q earnings season kicks off on July 15 and consensus expects aggregate EPS to decline by 1% year/year, as margin contraction outweighs positive sales growth.
Due to the outsized impact of Info Tech on the aggregate index, the fundamental outlook is healthier for the typical company. The median S&P 500 firm is expected to grow 2Q EPS by 4% yr/yr.