Corporate earnings growth estimates weaken for 2019-2020
Grade: On track
“Both revenues and profits have come under pressure this year, and as a result, earnings growth expectations for 2019 and 2020 have fallen close to 6% compared to where they were at the start of the year. At this point, we think 2019 estimates have come down to reasonable levels, but we think 2020 expectations still appear too high and may fall more.”
