2Analysts’ estimates rose ahead of quarterly results
Analysts’ 2quarterly earnings estimates followed an unusual pattern. Upward revisions in the energy and technology sectors were counted as the main reason. 7Such a pattern was observed in early-month tallies.
Ahead of quarterly results, analysts’ earnings estimates showed an unusual pattern. Normally, estimates decline in the months before an earnings release, but this time an upward trend was observed.
The upward trend appeared 2ahead of quarterly results. It was notable that estimates in the energy and technology sectors rose especially sharply.
In the energy sector, earnings expectations increased on the back of factors such as oil prices. In the technology sector, revised demand forecasts for some companies were reflected in the upward adjustments.
This movement was also reflected in the earnings outlook for the broader index, with quarterly expectations broadly revised upward.
The time of the tally was 7early in the month, and a comparison of analysts’ upward and downward revisions showed that this latest increase differed from the usual pattern.
The degree of the upward revisions varies by company and sector. In some sectors, positive adjustments were concentrated in contrast to earlier expectations.
This report is an observation based on the aggregated figures. The earnings and guidance of individual companies announced later will need to be checked separately.
Sources: MarketWatch Top Stories
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