Tariffs are hitting European firms hard. Here are the sectors to watch as earnings kick off
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: CNBC
Impact of Tariff Policies on Earnings: President Trump's tariff policies are causing a decline in earnings estimates for European companies, with expectations for the Stoxx 600 index to show a 0.2% drop in earnings per share for Q2, marking a significant shift from earlier growth predictions.
Sector-Specific Earnings Outlook: The energy sector is expected to see a more than 15% decline in earnings, while cyclical consumer earnings may fall by 24.1%, and financial services are projected to have subdued growth of just under 2%, indicating challenges across multiple sectors during the upcoming earnings season.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
