An excerpt from UBS analysts on US stocks, seeking the strongest quarterly profit growth in more than two years.
UBS acknowledges that earnings season is still underway, but so far earnings are beating estimates by more than 8% (8.3%) in total.
The third quarter of 2021 was 9.7%, this quarter is the best since. UBS project first quarter results will continue to improve as more arrive:
- “on pace at 9.3%, assuming a historic 4.8% beat rate for the remainder of this season”
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