Earnings Follow Recession, Stock Prices Still On Yellen’s Version
Just a few weeks ago FactSet was reporting analysts’ estimates for Q1 2016 EPS were looking to be a 6.9% decline year-over-year. Their latest update now suggests -8.0%, as the deterioration in earnings outlook is becoming the most significant part of the trend. During the first two months of Q1 2016, analysts lowered earnings estimates for companies in the S&P [...]
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