Amid tariff agita, Wall Street is a bit more cautious than normal on second-quarter earnings

Earnings Watch

Earnings Watch: Dollar General, Dollar Tree, Victoria’s secret and other retailers report during the week

Published: June 1, 2025 at 10:00 a.m. ET

Even as tariff-related turmoil continues, consumer sentiment improved at the end of last month, and few companies are outright throwing long-term forecasts out the window. But Wall Street has shown signs of getting a bit more cautious on the second quarter.

According to a FactSet analysis published on Friday, analysts have trimmed their second-quarter earnings-per-share estimates a bit more than normal. Those estimates, for S&P 500 companies, fell by 4% from March 31 to May 29.