Stock market sees disturbing start to earnings season: Goldman Sachs
- Date: 24-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Stock market sees disturbing start to earnings season: Goldman Sachs
Earnings season has started with a whimper, at best.
Of the 64 S&P 500 companies that have reported fourth quarter earnings so far, a slightly below average 52% have beaten analyst consensus earnings estimates, points out David Kostin, Goldman Sachs chief U.S. equity strategist.
But it's guidance — or lack thereof — that has been the biggest red flag as companies battle through unpredictable inflation and varying COVID-19 issues.