Fnguide tally: Kospi 78% upward revisions to earnings estimates
According to Fnguide, 7as of the 8day of the month, the share of Kospi-listed companies whose 12-month forward operating profit estimates were raised 3from a month earlier was tallied at 78%. The securities industry cites Samsung Electronics and SK Hynix as candidates for an earnings surprise.
In Fnguide’s tally from the financial information provider, the share of Kospi-listed firms whose 12-month forward operating profit estimates were raised 3from a month earlier was tallied at 78%(7as of the 8day of the month). This figure shows that, during the earnings season, investor attention is shifting toward stocks with upward earnings revisions.
This ratio is above the previous peak of 64% and 70%. It stands out as a level that exceeds previous major phases.
In the securities market, Samsung Electronics and SK Hynix are being picked as candidates for earnings surprises. It is said that those stocks are drawing the market’s attention.
Daishin Securities analyst Kwon Soon-ho said that earnings estimates are still trending upward, but that the direction indicator has entered an early stage of gradual slowdown. Analyst Kwon suggested an approach centered on companies where earnings growth continues.
The securities industry views the upward revision trend in earnings outlooks as continuing overall. Attention is focused as the earnings announcement period begins in earnest.
Market participants need to check related announcements while reviewing disclosure and earnings announcement schedules and changes in securities firms' estimates.
Sources: 파이낸셜뉴스 증권
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