Authors
Steve HankeGuy Petcho
Outlet
Fortune Magazine
Type
Op-ed
Date published
April 30, 2025
Countries/regions
United States of America
Topic
Financial MarketsTariffs
Permalink
Last edited time
Aug 7, 2026 3:32 AM
Human Verified
Permanent Done
U.S. Corporate Earnings Growth Is on the Road to Zero
Author: Steve H. Hanke and Guy Petcho
Outlet: Fortune
Date: April 30, 2025
Hanke and co-author Guy Petcho track the steady collapse of Wall Street's consensus forecast for 2025 S&P 500 earnings growth, from 17% in January to 13% in February, 12% in March, and just 8% by the end of April. The authors argue that even that diminished 8% consensus is still too optimistic, forecasting that 2025 corporate earnings growth will land at 0% as the effects of tariffs and slowing demand work their way through company results.
Full Citation:
"U.S. corporate earnings growth is on the road to zero," Fortune, April 30, 2025. (with Guy Petcho)