Jul 23, 2019

Global Earnings Forecast Revisions

With 2Q earnings season underway in the U.S., the question arises as to what effect trade and the global slowdown are having on 3Q19 earnings.

Below are charts of 1-month upward company revisions (defined as number of companies with upward revisions divided by the total number of companies with upward and downward revisions) for the U.S., Japan, and Germany. All have been trending downward over the last year although earnings growth is still forecasted to be positive – around 4% globally for 2019.

blog US
Source: Heckman Global Advisors; Factset

blog Japanese
Source: Heckman Global Advisors; Factset

blog German
Source: Heckman Global Advisors; Factset

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