Originally published on November 21, 2019
By Philip Lawlor, Managing Director, Head of Global Markets Research
With the recent upsurge in global equity markets, investors seem to be looking beyond the bleak near-term earnings picture to the sunnier prospects farther out on the horizon.
Indeed, while "bottom-up" consensus 2019 EPS forecasts have suffered steady downgrades (with many now in negative territory), those looking for a robust global resurgence through 2021 have remained relatively firm (see the table below). The Russell 2000 is the pacesetter of this global recovery, with EPS expected to climb 37% in