πŸ“ˆ TKer by Sam Ro

πŸ“ˆ TKer by Sam Ro

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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Are earnings expectations falling apart? No. πŸ€”
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Are earnings expectations falling apart? No. πŸ€”

"The facts do not bear this out" πŸ“‰

Sam Ro, CFA's avatar
Sam Ro, CFA
Jun 08, 2022
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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Are earnings expectations falling apart? No. πŸ€”
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Negative revisions are not unusual. (Source: Getty)

Microsoft and Target are among prominent companies that have made headlines recently by announcing they are cutting estimates for future earnings. And these anecdotes aren’t totally isolated.

Some prominent Wall Street bears have noted for months that S&P 500 company earnings revisions have appeared to become increasingly negative.

These headlines are understandably alarming, especially since,Β as TKer readers know from our headlines, earnings are the most important long-term driver of stock prices.1

However, there’s much more to this story.

β€œThere’s a popular narrative that earnings estimates are beginning to fall apart,” Jonathan Golub, chief U.S. equity strategist at Credit Suisse, wrote on Wednesday. β€œThe facts do not bear this out.β€œ

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