Investors Yawn At Earnings Beats In Second Quarter, Punish Stocks With Weak Forward GuidanceMark Melin
During the second quarter, investors had a disjointed focus. Stocks that missed earnings estimates were hard hit, but those that beat Wall Street’s prognostications were not rewarded to the same degree, quantitative analysis from Morgan Stanley shows. When profit margins grew and earnings beats, investors yawned. But woe is the corporate manager who downplays future guidance, as their stock price was hard hit in the second quarter.
Investors looking ahead of . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible