Excerpt from Yahoo Finance quoting DataTrek co-founder Nick Colas:
…. “With the Q4 2021 earnings season now underway, Wall Street analysts are mostly bullish in regard to the corporate profitability landscape in spite of slowing growth rates. According to DataTrek Research, however, analysts are still underestimating the S&P 500 (^GSPC).
“Wall Street analysts have started increasing their S&P 500 Q4 earnings estimates again, and they’re getting more bullish on 2022 as well. We still think their numbers are too low,” DataTrek Research Co-Founder Nicholas Colas said in the Dec. 13 DataTrek Morning Briefing.
DataTrek Research, co-founded by Colas along with Wall Street researcher Jessica Rabe, provides a daily financial newsletter to hedge funds, asset managers, RIAs/family offices, and other investment firms”….
Read the full article here on Yahoo Finance!