Year-to-date gains have held despite slowing growth
Year-to-date, the S&P/TSX composite index is holding on to its gains and is now up 4.4 per cent. This has occurred despite a deceleration in revenue and earnings growth expectations.
Looking at the bottom line, 51 per cent of companies have reported better-than-expected quarterly earnings results so far, inching down from 52 per cent reported last quarter. Importantly, earnings expectations are down significantly and are expected to contract 10 per cent year-over-year, compared to earnings growth of 5.9 per cent reported last quarter.
This report includes a link to a list of analysts’ target prices, recommendations, forecast returns, and yields for all securities in the S&P/TSX Composite Index grouped by sector and ranked according to their expected price returns .
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