Quarterly earnings have cleared a ‘low hurdle’ so far, but investors shouldn’t feel reassured as cuts to 2023 estimates have yet to come through, Barclays says

Investors may not be finding much comfort in quarterly earnings reports so far this season, with Barclays seeing “low quality” beats. “Although a large majority of companies have beaten the lowered estimates, guidance is mixed and margins pressure is evident,” it said. FactSet forecasts a fifth straight quarter of lower net profit margin for the…