Analysis-Europe Inc set to clear lower earnings bar; wait-and-see on China stimulus [Yahoo! Finance]
CHRISTIAN DIOR SE UNS/ADR (CHDRY)
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Source: Yahoo! Finance
in seven months this week, setting a lower bar for beats, while more optimism over the global outlook might spare shares from severe punishment for misses. Third-quarter earnings are expected on average to have increased 3.7% from a year ago, according to data from LSEG I/B/E/S, driven by growth in materials, financials, and utilities. However, the ratio of downgrades to upgrades of analysts' European earnings estimates has reached its highest since February as the region's economy struggles to generate meaningful growth. "Expectations have come down quite a bit, particularly with the economy weakening," said Frederique Carrier, head of investment strategy at RBC Wealth Management. "If numbers are better than expected, I would expect the market to react quite positively," Carrier said. Quarterly results from European giants - French luxury groups LVMH on Tuesday and rival Christian Dior on Wednesday - push third-quarter earnings season into high gear this week. In the seco
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News
- Baccarat Taps Printemps Executive as its Next CEO [Yahoo! Finance]Yahoo! Finance
- Savette Finds That Sweet Spot Between High And Accessible Luxury [Forbes]Forbes
- Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up [Business Insider]Business Insider
- How Cristóbal Balenciaga Became The Master Of All Haute Couture [Forbes]Forbes
- Dior Brings Versailles To Miami With Its Holiday Pop-Up Boutique [Forbes]Forbes