Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


MarketWatch: “Expect another quarter of big earnings beats, as Wall Street estimates were likely overly depressed”

By admin_45 in IN THE NEWS MarketWatch: “Expect another quarter of big earnings beats, as Wall Street estimates were likely overly depressed”

Excerpt from MarketWatch quoting DataTrek's Nick Colas:

.... "The big estimate cuts are likely a result of analysts assuming the worst as COVID-19 raged. With companies forced to operate largely in the dark during the pandemic, amid a disjointed U.S. government response, they were unable to provide much, if any guidance, for analysts to have confidence in their projections.

“Wall Street expectations are too low for Q4 2020, so we should see plenty of beats,” said Nicholas Colas, co-founder of DataTrek Research. “We need them"....

Read the full article here on MarketWatch!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.