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S&P500 revenue is down 10% in Q2 and profits are down 30%.
Is this next part true?
U.S. earnings recovery may be faster than in previous crises
U.S. companies’ profit growth forecasts for the next five years are still intact, according to Refinitiv data, suggesting that the impact inflicted on companies by the coronavirus pandemic is likely to be more fleeting than that in previous crises.
Or, do S&P500 earnings fall from average EPS $165 p/a, (2018 & 2019 numbers), to the new normal of $130 and stay there, placing stocks on an unsustainable forward PE ratio?
Join tonight’s webinar and we’ll share our analysis on the above questions and look at what stocks we’re buying and selling in the current market.