Earnings Optimism Explodes
by Lance Roberts, Clarity Financial
As markets surge to record highs, analysts are rushing to ratchet up earnings estimates as optimism explodes.
“The first quarter of 2021 marked the largest increase in the bottom-up EPS estimate during a quarter since FactSet began tracking the quarterly bottom-up EPS estimate in Q2 2002. The previous record was 5.4%, which occurred in Q1 2018 after tax reform was passed.” – FactSet
Source: http://econintersect.com/pages/investing/investing.php?post=202104142331
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