Eurozone Still in Corporate Recession – Earnings to Decline for Third Consecutive Quarter in Q3 2019 - Forex News by FX Leaders
Eurozone Still in Corporate Recession

Eurozone Still in Corporate Recession – Earnings to Decline for Third Consecutive Quarter in Q3 2019

Posted Thursday, November 21, 2019 by
Arslan Butt • 1 min read

According to latest analysis by Refinitiv, corporate recession continues into the third quarter in the Eurozone. Companies listed in European stock markets are expected to see a 4.7% decline in Q3 earnings, the same level estimated a week ago.

The outlook has improved slightly since the end of October when earnings were expected to decline by 8.6% in the third quarter. However, this still makes it the third consecutive quarter of decline in earnings, keeping Eurozone in a corporate recession.

This is the worst decline in earnings seen in three years among European listed companies. Among the earnings reported so far, there has already been a 5.8% decline in profits. While earnings estimates remain constant since the previous week, Refinitiv has trimmed down revenue estimates. Q3 revenues are expected to climb 1.4% higher according to latest estimates vs. 1.5% gain forecast during the previous week.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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