Spanish 3-month EPS hits new all-time high

Spain EPS revisions ratio

Net EPS revisions continue to be negative, but the trend is slightly improving. Revisions in Japan are trending upwards, the same in the US. In the rest of the world numbers are still negative.

The pace of net EPS downgrades in Europe slowed down and improved in August to -15.4% from -24.9% and, even more important, the last 3-month EPS revisions have improved to -20.6% from -22.2%.

In Spain, EPS revisions of the last 3 months until August reached a record high of +35% from +11.4% in July, hitting the highest level ever registered (data since 1989).

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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