Expected Earnings Growth Through Q1 '09

Yesterday we posted estimates for Q2 earnings growth.  Below we highlight expected year-over-year quarterly earnings growth from Q2 '08 through Q1 '09.  As shown, things are expected to get progressively better after the current quarter, but it's important to remember that the bar has been set much lower for growth since earnings didn't really start to get weaker until Q3 '07. 

As an example, Financials are expected to see year-over-year earnings growth of 452.7% in the fourth quarter versus Q4 '07.  Technology, Energy and Consumer Staples are expected to provide the most consistent earnings strength over the next four quarters.

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