companies to beat earnings expectations by 8% in the second quarter after massive forecast cuts.
The muted projections, along with recent economic data surprises and positive early reporters, set up companies to surprise to the upside, Bank of America said Monday. Much of the bank's positive outlook hinges on slashed expectations. Analysts have cut their quarterly forecasts by roughly 40% heading into earnings season, marking Wall Street's largest cut since 2008. The modest predictions set companies up to surprise investors when they begin reporting quarterly figures next week, Bank of America's analysts said in a note.
ProfElvanAktas FED brrrrrr diyorlar genelde :)
No question.
What kind of dumbass writes this? Watch the surprises after they kitchen sinked everything. Unreal
What forecast? Am I missing something? I thought we don’t give guidance anymore....
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