S&P 500 earnings expected to rise just 4.7% in Q1: Analyst

Yahoo Finance’s Emily McCormick breaks down the stat of the day.

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EMILY MCCORMICK: We want to bring you our Stat of the Day. Earnings season kicks off this week with results from JP Morgan, Wells Fargo, and Goldman Sachs. And it's shaping up to be a different earnings season as companies get hit by surging inflation and geopolitical risks. S&P 500 revenues are projected to grow 10.8% in the first quarter, while earnings are seen rising by just 4.7%. One sector that may show bumper profits, though, is energy. The energy sector inside the S&P 500 is seen posting earnings growth of 238% for the first quarter. And the source for that is Credit Suisse's Jonathan Golub.