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FXZ - Will Materials Margins Get Hit By Inflation Pressures?
First Trust Materials AlphaDEX Fund
Headed into the 2021Q4 earnings season, the materials sector had the 2nd highest revenue and earnings growth estimates.
Revenues were ahead of expectations as 75% of companies reported better than expected results and materials had the 2nd highest revenue growth rate (27.0%).
Despite the margin pressure and commentary on costs, the 2022 earnings estimate for the sector has improved over the past 6 months.