Corporate America Continues To Be
Super-Negative About Earnings Guidance
The first quarter ends today, and in just a few
weeks companies will begin announcing their financial results.
Expectations have been tempered by the negative
guidance telegraphed by these companies.
“For
Q1 2014, 93 companies in the S&P 500 have issued negative EPS
guidance and 18 companies have issued positive EPS guidance,” noted
FactSet’s John Butters. “If these are the final numbers, it
will mark the second highest number of companies issuing negative EPS
guidance and the third lowest number of companies issuing positive
EPS guidance for a quarter since FactSet began tracking the data in
2006.”
Read more: http://www.businessinsider.com/negative-and-positive-preannouncements-2014-3#ixzz2xbCbuN3W
Read more: http://www.businessinsider.com/negative-and-positive-preannouncements-2014-3#ixzz2xbCbuN3W
Company
earnings warnings near record levels as Q1 reports loom
-
- FactSet
Ahead of first-quarter earnings season,
Corporate America’s outlook is holding around its most pessimistic
levels ever.
Another way of looking at it, though, is that
executives could be continuing to push the envelope in the low-ball
game. In other words, they’re going to great lengths to
underpromise and manage expectations.
CHICAGO
PMI FALLS TO LOWEST LEVEL IN 8 MONTHS
The
Institute for Supply Management’s Chicago division said its
purchasing manager’s survey hit 55.9.
That missed expectations for 59.5 and a near
4-point decline from last month’s 59.8.
It’s the lowest reading since last August.
Food
Price Inflation Is Terrorizing Your Grocery Bill
Forget
the “Milk Cliff.”
We’ve fallen off the “Cattle Cliff.”
Americans are paying record high prices for
beef right now due to a national cattle shortage.
The overall average retail price of beef was
$5.28 per pound in February, compared $4.91 in 2013 and $4.63 in
2012.
In all, beef prices have surged 22% over the
past year. For the most part, that increase has been absorbed by
retailers, but now it’s seeping through to the consumer.
Headlines:
No comments:
Post a Comment