Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
But how companies fare against those expectations may have little ultimate impact on their stock prices this time around. Earnings are expected to fall 13.6per cent in 2020 before rebounding 22.8per cent in 2021, according to Refinitiv. Another area of focus is likely to be whether companies can become fully operational and take steps such as rehiring workers once shutdowns begin to be lifted and parts of the U.S. economy reopen.
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