In its second reporting season update, Macquarie Research notes that EPS growth forecasts have remain largely unchanged. The bank reports that the market's FY13 EPS growth forecast continues to hold around pre-reporting season levels as do the respective FY13 EPS growth forecasts for all major sectors. Entering the last week of earnings announcements, a number of retailers are due to report, including J.C. Penney & Co on Tuesday, Target on Wednesday and Gamestop on Thursday. Home improvement stocks like Home Depot and Lowe's are also due during the week. While still below the all important 1, the Market's revisions ratio lifted again this week to 0.77 from 0.74, while the 1 week FY1 RR hit 0.88.
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise