The Traderszone Network

Published in TZ Latest News 7 November, 2014 by The TZ Newswire Staff

Earnings outlook might be less rosy than investors think

While most Standard & Poor’s 500 companies beat analysts’ expectations for third-quarter earnings, many just barely topped estimates, said Pankaj Patel, head of quantitative research at Evercore ISI in New York. The figure excluding beats of 5 percent or less is also well below the percentage of beats according to data based on Thomson Reuters I/B/E/S polls of analysts.