Latest news with #earningsForecast
Reuters
20-05-2025
- Business
- Reuters
European first-quarter corporate profits seen rising 2.3%, up from last week's estimate
May 20 (Reuters) - The outlook for European corporate health has improved, latest earnings forecasts showed on Tuesday. European companies are expected to report a rise of 2.3% in first-quarter earnings, on average, according to LSEG I/B/E/S data. That is up from the 1.9% increase analysts had expected a week ago.
Reuters
13-05-2025
- Business
- Reuters
European first-quarter corporate profits seen rising 1.9%, up from last week's estimate
May 13 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday. European companies are expected to report a rise of 1.9% in first-quarter earnings, on average, according to LSEG I/B/E/S data, better than the 0.4% rise analysts expected a week ago. The improvement comes after 59.6% of the 230 STOXX 600 companies that have already reported first-quarter earnings exceeded analysts' expectations. At the time of U.S. President Donald Trump's inauguration in January, the forecasts were for a 3.5% increase in first-quarter earnings, according to LSEG data, but that reversed to expectations for a drop of as much as 3.5% following Trump's April tariff announcements. Global stocks rallied after news at the weekend of a temporary 90-day tariff de-escalation between the U.S. and China in their ongoing trade war. Consensus forecasts for first-quarter revenues have also jumped from last week, with a 2.3% increase now expected compared with an increase of 1.9% expected last week. This compares with a drop of 3.3% in earnings and a drop of 4.6% in revenues a year ago, the data showed.
