More Dire Earnings Forecasts
According to the Financial Times: Analysts expect earnings for the period ended September to decline, the first negative result after 11 consecutive quarters of gains. Hardly any prominent analyst has failed to take this bit of news as the single…
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Analysts expect earnings for the period ended September to decline, the first negative result after 11 consecutive quarters of gains.
Hardly any prominent analyst has failed to take this bit of news as the single largest threat to theĀ fierce rally that has taken the market to multiyear highs. But the curiosityĀ is that stock market prices often are said to be based on the anticipation ofĀ the conditions of the economy and earnings six months out. With the possibility ofĀ the fiscal cliff raising taxes and harming consumer growth, it is hard to see how this sentiment can beĀ true.
And consensus is building that stock prices may collapse between now and the end of the year, as their values are undermined by sharp drops in earnings.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
