"It's Bad" - Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best
May 8th 2020 1:55pm EDT
“It’s Bad” – Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best “Overall, earnings delivery continues to surprise to the downside versus consensus estimates, across all regions,” says JPMorgan strategist Mislav Matejka, noting Europe’s earnings-per-share growth for the first quarter is now down 25% year-on-year, while sales growth is 6% lower. Simply put, it’s […]
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