Excerpt from Barron’s quoting DataTrek co-founder Nick Colas:
…. “For 2021’s second quarter, the number of S&P 500 companies that made forecasts is 103—almost double from the same period last year, according to DataTrek. And that number should grow since earnings season isn’t even in full swing yet…
Not only are companies forecasting again, but they’re estimating higher profits than analysts. So far in the second quarter, 66 companies have issued stronger guidance than analysts.
All are indications are that earnings estimates are too low, writes Nicholas Colas, co-founder of DataTrek“….
Read the full article here on Barron’s!