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U.S. fund managers brace for consumer slowdown
Wall Street expects fourth-quarter earnings growth of 14.7 percent for the S&P 500's consumer discretionary index - below the 17.8 percent consensus from October at the beginning of the fourth quarter, according to data from Refinitiv as of Friday morning. For consumer staples, fourth-quarter earnings are expected to grow 4.2 percent, down from the 6.7 percent consensus in October, with 0.7 percent growth expected for the first quarter. In comparison, the broader S&P benchmark is expected to report fourth-quarter earnings growth of 16.8 percent and decline 0.1 percent in the first quarter.
https://finance.yahoo.com/news/u-fund-managers-brace-consumer-085923414.html?.tsrc=rss
Wall Street expects fourth-quarter earnings growth of 14.7 percent for the S&P 500's consumer discretionary index - below the 17.8 percent consensus from October at the beginning of the fourth quarter, according to data from Refinitiv as of Friday morning. For consumer staples, fourth-quarter earnings are expected to grow 4.2 percent, down from the 6.7 percent consensus in October, with 0.7 percent growth expected for the first quarter. In comparison, the broader S&P benchmark is expected to report fourth-quarter earnings growth of 16.8 percent and decline 0.1 percent in the first quarter.
https://finance.yahoo.com/news/u-fund-managers-brace-consumer-085923414.html?.tsrc=rss
