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What To Expect From Q2 Earnings Season
For whatever it's worth, the bar to clear for corporate America when reporting season kicks off two weeks from now is the highest in nearly three years.
Bottom-up consensus expects aggregate index EPS growth of 9%. The last time expectations were that high, management was still benefiting from pandemic comps.
The figure below, from Goldman's David Kostin, is useful.
As a quick reminder: America exited a short, shallow profit recession a year ago. Many top-down strategists expected a much de
With typical beat margin, 2Q EPS actual growth could end up low double digits.
So, when is the correction coming?
Never.
I’m just joking.
I think.