Earnings cuts flow on weak consumer, iron ore
Via the SMH blog comes sense from BofAML: Consensus forecasts for earnings growth for the next financial year are too optimistic, reckon strategists at Bank of America-Merrill Lynch. While “The Street” predicts around 10 per cent earnings per share expansion in FY15, the broker’s models suggests no EPS growth for the market (ASX 200) at all (see chart).