Q1 earnings estimates to see further downgrades
Weak earnings growth, high valuations could slow rally in stock markets, say experts
There is a risk of further cuts, according to analysts at Nomura
Corporate earnings estimates, which have already taken a knock this year, may be cut further, analysts said, as disruptions caused by the covid-19 outbreak continue to impact demand and corporate balance sheets. Weak earnings growth and high valuations could also slow the tearing rally in stock markets, which have gained more than 40% from their March lows.
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