Earnings estimates have been following an unusual pattern this time around
Earnings Watch
Earnings estimates have been following an unusual pattern this time around
Analysts generally lower their estimates in the months before earnings. But thanks to the energy and tech sectors, expectations have actually climbed heading into second-quarter results.
As second-quarter earnings kick into high gear this week, Wall Street analysts seem to be feeling pretty good, despite ongoing concerns about the impact of the Iran war.
“Heading into the start of the earnings season, analysts and companies have been more optimistic than normal in their earnings outlooks for the second quarter,” John Butters, FactSet’s senior earnings analyst, said in a report Friday.
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