Where To Now For Corporate Profits?

Analysts have rapidly cut profit forecasts for corporate America, even as the breadth of negative revisions is easing. Since reporting season began more than a month ago, estimates for S&P 500 earnings this year and next were slashed by 2% and 1%, respectively. That doesn't sound like a lot but, according to Goldman's David Kostin, it's "about twice the magnitude of the average EPS cut during Q4 earnings seasons since 1995." As discussed here at some length last week, companies are adept a

You need a PLUS account to view this content. Try one month of PLUS for FREE.

Try PLUS for free

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints