Corporate Recession Likely to Continue Into Q3 for STOXX 600-Listed Companies
Arslan Butt • 1 min read
According to Refinitiv, European companies are expected to report slightly higher earnings and revenue expectations in Q3 2019. However, the corporate recession is expected to continue among companies listed in European stock markets.
Refinitiv estimates a 1.9% decline in Q3 earnings for companies listed on STOXX 600. The estimates have been revised a little higher from a 2% decline expected during the previous week. However, this would be the third consecutive quarter when earnings are expected to decline, which indicates that the recession is likely to continue.
European companies are expected to see a 0.1% rise YoY in Q3 quarterly revenues, against the previous estimates of a 0.2% decline forecast during the previous week. Meanwhile, Q2 earnings are expected to decline by 2.6% while quarterly revenues are expected to climb 3.2% higher.