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Wall Street is raising quarterly profit forecasts for the first time in two years, and executives are relaxing about recession prospects

Por: MarketWatch Politics September 03, 2023

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Holdouts against that optimism aren’t hard to find, but during July and August, Wall Street analysts increased their third-quarter earnings per share estimates for the 500 companies in the S&P 500 Index , the report said. “In fact, this quarter marked the first increase in the bottom-up EPS estimate over the first two months of a quarter since Q3 2021,” FactSet Senior Earnings Analyst John Butters said in the report. Estimates for... + full article



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