Goldman Sachs analysts have indicated that Corporate America is facing the highest earnings bar in almost three years as it prepares to report second-quarter results. The consensus expects a 9% year-over-year EPS growth in Q2, which would be the strongest quarterly growth since Q4 2021. Goldman Sachs strategists, including Kostin, noted that the magnitude of earnings-per-share beats is likely to diminish as consensus forecasts set a higher bar than in previous quarters. The outperformance reward for stocks beating estimates is also expected to be impacted.
"Consensus expects +9% EPS growth in 2Q, setting the highest bar since 2021." Goldman Sachs via @MikeZaccardi https://t.co/ck8OhRFZ9x
Consensus expects +9% EPS growth in 2Q, setting the highest bar since 2021 Goldman https://t.co/rDixRIse0F
Goldman’s Kostin Says US Earnings Bar Is Set Highest Since 2021 “The magnitude of earnings-per-share beats is likely to diminish as consensus forecasts set a higher bar than in previous quarters” “We expect the outperformance ‘reward’ for stocks beating estimates will be… https://t.co/kBv1zXQff3
Corporate America faces the highest earnings bar in almost three years as it prepares to report second-quarter results, according to Goldman Sachs strategists https://t.co/PQVkQLXTdy
(US) Goldman Sachs analysts see consensus for Q2 earnings beats set a higher bar than in previous quarters; Consensus expects +9% y/y EPS growth in Q2, which would be the strongest quarterly growth since Q4 2021 (More at https://t.co/pY7xC1y0u0)