Investors should expect looming earnings period to be volatile – FINANCIAL NEWS-ecozik.com
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Investors should expect looming earnings period to be volatile

Of the 10 sub-indexes of the S&P/TSX Composite only tech and consumer staples have seen earning estimates rise.

Estimates for fourth-quarter earnings per share for S&P/TSX Composite Index stocks happen to be slashed by five per cent in the past 3 months, with the resource sectors seeing the most revisions.

Since June, amid falling energy prices, average estimates from equity analysts for materials and companies for the fiscal year’s final quarter have plunged 35 and 24 percent, respectively, by Jan. 13. Analyst EPS estimates since September for that telecom, industrials and consumer discretionary industries have fallen 8.9, 5.4 and 4.9 percent, respectively.

Should these firms record results that exceed or miss analysts’ estimates, these revised figures will likely play a major part, for better or worse, on any market action.

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