Reuters (January 29)
2021/ 01/ 31 by jd in Global News
“Equity analysts are still counting on a speedy reopening. They expect the 1,585 companies included in the Global MSCI Index to report 6% higher net profit this year than they did in 2019, and 21% higher earnings in 2022.” Constituents are “still valued on an average multiple of 21 times this year’s forecast earnings, far above a long-term average of 16 times. With the path out of lockdowns looking uncertain, such exuberance is likely to end in disappointment.”
Tags: 2019, 2022, Analysts, Disappointment, Equity, Exuberance, Forecast earnings, Global MSCI, Lockdowns, Multiples, Profit, Reopening, Uncertain
