Positive Revisions to Estimates Surge
The percentage of positive revisions to developed market sales and earnings estimates jumped over the last month, with an average of 76% of companies reporting better sales estimates and 70% reporting better earnings estimates.
Developed Markets (DM)
DM Americas has remained the most steady of the three regions as ~50% of companies have reported positive revisions over the last 1-, 3-, and 6-month time periods.
But DM Asia and DM EMEA stand out with the largest improvements to sales and earnings outlooks, overall. In DM Asia, the percentage of constituents with positive revisions to sales estimates jumped to 98% over the last month from just 6% over a 6-month time frame. Similarly, 1-month FY1 sales revisions were positive in 92% of DM EMEA companies–up from just 13% over the longer-term.