CLSA: Brace for bad earnings!

Monday, 8 February 2016

From CLSA:

EPS downgrades means multiples need to expand again

If recent revisions set the tone we’d expect a disastrous reporting season. Analyst EPS downgrades have outnumbered upgrades two to one over the last month.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.