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European Consensus Earnings Estimates Report Q2 2016

This report looks at consensus earnings estimates for listed companies that are part of the S&P Europe 350® index.

Four weeks after Britain’s shock vote to leave the European Union we are starting to see European earnings outlook darken as analysts scramble to update their models to reflect the post referendum drop in sterling, weaker consumer confidence and expected hit to local as well as global economic growth.

Key Observations

  • The blended YoY growth in CQ2 2016 earnings for the S&P Europe 350 is at -3.7%, a considerable contraction from what it was predicted six months ago.
  • Brexit poses serious risks to global growth, having cost global stock markets a record $3TN in just two days following the vote.
  • The 2016 outlook for major European economies looks bleak, while US growth is expected to be subdued in 2016.

Earnings estimates are the expected quarterly or annual earnings results of a company, estimated by a broker research analyst or other market participant, & expressed via financial statement line items or ratios. S&P Capital IQ aggregates these broker estimates covering a particular stock & provides consensus & detailed estimates. A company’s own guidance & actual results are also available. This report reviews aggregate broker estimates data & does not contain any investment recommendations.

Click here to download the report.