5 min listen
2024 EPS Forecasts Shrink, Stretched Sentiment, Strong Data
2024 EPS Forecasts Shrink, Stretched Sentiment, Strong Data
ratings:
Length:
7 minutes
Released:
Feb 5, 2024
Format:
Podcast episode
Description
Three big things youneed to know: First, with reporting season almost halfway done, bottom-up consensus expectations for EPS growth in 2024 have shrunk to 9% from 11% – a combination of better-than-expected results for 2023 and a modest dampening of enthusiasm for 2024’s outlook. Second, a murky macro backdrop, elevated costs, and China challenges have been in focus in recent earnings calls along with a better monetary policy outlook. Third, in our high frequency indicators, things that caught our attention included the worsening in the sentiment backdrop for stocks last week and mostly positive data regarding the health of the economy and labor market.
Released:
Feb 5, 2024
Format:
Podcast episode
Titles in the series (100)
Economic Surprises & Lions – Oh My! by RBC's Markets in Motion