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i think this is a article people should read carefully and i agree the outcome of this Q's ER could be a critical pivot point.
http://finance.yahoo.com/news/Wh ... p;asset=&ccode=
Some analyst predictions that might make you scratch your head:
-- Profits will leap in the second quarter. For April through June, analysts expect that companies in the S&P 500 index will post $23.90 in operating profits per share, four pennies less than their estimate at the end of May, according to an S&P survey. If that happens, companies will earn 15 percent more than in last year's second quarter.
-- Record profits next quarter. For the three months ending Sept. 30, S&P says analysts see operating profits hitting $25.09 per share. That would be a higher than any quarter yet, beating results from the second quarter of 2007. Back then the economy was growing twice as fast and the unemployment rate was half what it is today.
-- A blockbuster year, followed by another. For all four quarters of 2011, analysts estimate that S&P 500 profits will hit a record $97.86 per share, surpassing by $10 the previous record for any year, set in 2006. Then, they insist, profits will jump another 14 percent to $111.82 per share in 2012.
S&P's Silverblatt thinks many analysts will eventually lower their estimates. He notes that most prefer to wait for corporate executives to hint that they should cut estimates before doing it. But many companies appear to be waiting until they announce second quarter earnings to guide estimates down. That won't be until at least mid-July.
Nicholas Colas, chief market strategist at broker ConvergEx Group, says the upcoming reporting season will be the most important since the Great Recession ended eight quarters ago. If companies suggest that estimates are too high, earnings revisions will fly, he believes. |
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