The Q1 earnings trend so far has more or less confirmed the grim projections, making it the fourth consecutive quarter to report such a decline.Plagued by a plethora of macroeconomic issues and continued volatility in the equity market, Q1 earnings estimates for the S&P 500 index have steadily gone downhill over the last three months. The trend is likely to aggravate further as more companies report their earnings. Per the latest Zacks Trend Report, Q1 earnings for S&P 500 companies are expected to be down 10.1% on a 0.7% decline in revenues.What is more alarming is that the likely dismal earnings performance this time is not attributable to the inherent weakness of the Energy sector alone. Rather, downward estimate revisions are expected in almost all the sectors, barring a few. About 10 of the 16 sectors are expected to witness an earnings decline in Q1, including Finance and Technology, the two biggest sectors in the index.Among the Technology firms slated to report this week, let’s have a sneak peek at two major electronics stocks that are scheduled to release their quarterly results on Wednesday, Apr 20.TE Connectivity Ltd. TEL is scheduled to report second-quarter fiscal 2016 earnings before the opening bell tomorrow. Softness in the Industrial Solutions segment stemming from the sluggishness in oil and gas and commercial transportation market are likely to hit the company’s results this quarter. In addition, unfavorable foreign currency translations and slowdown in the Chinese economy are expected to add to TE Connectivity’s woes. For the impending quarter, TE Connectivity has an Earnings ESP of 0.00%, as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 89 cents. (Read more: TE Connectivity Q2 Earnings: Stock to Disappoint?) Amphenol Corporation APH will report first-quarter 2016 results before the opening bell tomorrow as well. The acquisition of FCI Asia Pte Ltd is expected to be accretive to Amphenol’s earnings in 2016, excluding acquisition-related costs. Amphenol also remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation products. For the first quarter of 2016, this Zacks Rank #2 (Buy) stock has an Earnings ESP of 0.00%. (Read more: Can Amphenol Beat Q1 Earnings on Inorganic Growth?) Stay tuned! Check later on our full write-up on earnings releases of these stocks.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TE CONNECT-LTD (TEL): Free Stock Analysis Report AMPHENOL CORP-A (APH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research