Can U.S. Profits Survive a Stalled Economy?
If you tally up company-by-company consensus forecasts for the S&P 500, it would suggest earnings-per-share growth for the index in aggregate in the low teens for this year and next. Our research indicates that EPS will prove more resilient than many investors believe.
By Joseph G. Paul
This blog is part of a new series on Institutional Investor entitled Global Market Thought Leaders , a platform that provides analysis, commentary, and insight into the global markets and economy from the researchers and risk takers at premier financial institutions. Our first contributor in this new section of Institutionalinvestor.com is AllianceBernstein, who will be providing analysis and insight into equities. If you tally up company-by-company consensus forecasts for he Standard & Poors 500 index, it would suggest earnings-per-share growth for the index in aggregate in the low teens for this year and next. But Investors arent buying it. In their view, the sputtering economy makes recent....