November 25, 2019

Q3 earnings season provides reassuring results.

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

Q3 earnings season is almost finished showing decent results which eveen improved since our last October’s update.
Q3 earnings season provides reassuring results.
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • Q3 earnings season is almost finished showing decent results which eveen improved since our last October’s update.
  • At the index level, around 80% of US companies have beaten analysts’ exppectations for earnings and sales.
  • The earnings growth increased in Q3 vs Q2 both in Europe and in the EA
  • In the US, the earnings guidance improved and is above norm. The US cappex increased in Q3 vs Q2 but capex intentions remain subdued at a cyclical low.
  • After having being cut, Q4 expectations are not so exuberant anymore. Thaat said, 2020 estimates remain too bullish (growth of 10% vs our estimate of 3-to-4%) with risks of further negative revisions going forward.
  • The most export-oriented EM countries (Korean, Taiwan) show negative yyearly earnings growth. Indian companies are turning around and have significantly beaten analystts’ expectations.
  •  

Download the full publication below

Q3 EARNINGS SEASON PROVIDES REASSURING RESULTS.

Also interesting

size 3
April 15, 2021
Market Commentary

COVID-19 UPDATE Facts & Figures

brainstorming-concepts
April 15, 2021
Press Releases

Generali Investments Partners: Sycomore AM funds now available through CheBanca!

virtual-money-concept,-gold-bitcoins-digital-cryptocurrency-use-blockchain-technology
00:02:48
April 9, 2021
Fund Manager Video

Aperture Investors | European Markets Update