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

Financial

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…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Products You May Like

Articles You May Like

Södra”s FY 2023 net sales decreased by 13%
US stocks slip as chip giant Nvidia slumps
US close: Stocks mixed following FOMC minutes
US stocks slip ahead of Nvidia earnings, Fed minutes
Strong Quarter for Single-Family Built-for-Rent Construction | Eye On Housing