European Companies Eye 11.5% Earnings Growth, Strongest in 3 Years
Updated
Updated · Bloomberg · Jul 16
European Companies Eye 11.5% Earnings Growth, Strongest in 3 Years
1 articles · Updated · Bloomberg · Jul 16
Summary
MSCI Europe index members are forecast to deliver 11.5% aggregate second-quarter earnings growth, the strongest profit expansion since the first quarter of 2023.
Oil majors, banks and artificial-intelligence winners are expected to drive the rebound with blowout results, reversing the sluggish profit growth that had weighed on European stocks.
The outlook points to a sharper earnings backdrop for the region as companies begin reporting second-quarter results.