Source: FactSet

Energy is poised to blow other sectors of the S&P out of the water with projected earnings growth of 401% for Q2, nearly half of the index total, according to John Butters at FactSet.

He said for the whole year, the energy sector looks to be the largest contributor to S&P 500 earnings growth, with projections falling from 9.9% to 7.0% ex-energy.