1609 ET - The consumer staples sector has recorded the third-largest percent decrease in estimated earnings since the start of the first quarter after the consumer discretionary sector, and the materials sector, according to the latest FactSet earnings insight. About 92% of the S&P 500 companies in the consumer staples sector have seen a decrease in their EPS estimates during this time, with the expected earnings drop for the sector set at 7.6% from a 0.4% decline on Dec. 31. Of those companies, 14 out of 35 have recorded a decline in their EPS estimate of more than 10%, led by Estée Lauder. However, Walmart has been the largest contributor to the decrease in expected earnings for this sector since Dec. 31, according to the report. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 28, 2025 16:10 ET (20:10 GMT)
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