2024-06-23 23:25:03 +0300
Analysts Are Very Sure of Profit Estimates Everyone Else Hates
Bloomberg
By Vildana HajricIf there’s anything approaching a consensus opinion in the market pundit class, it’s that estimates for S&P 500 earnings are too high. Some newly unearthed data suggests that may not be true.
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At issue are the forecasts of analysts whose vocation is to gauge the well-being of individual companies -- and whose predictions that it will improve next year have barely budged. While stock commentators and investors have been throwing mud at this view for months, analysts themselves have shown signs of being increasingly convinced their estimates will bear out.
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