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Europe’s Earnings Growth to Rival US for the First Time in Years

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Europe’s Earnings Growth to Rival US for the First Time in Years Europe is gaining ground on the US this reporting season, with profit growth forecast within touching distance for the first time in more than three years. Analysts expect MSCI Europe constituents to post a 23% surge in third-quarter profits versus a year earlier, just shy of the 24% increase forecast for S&P 500 firms, according to data compiled by Bloomberg Intelligence. The last time European earnings outshone US...

Europe’s Earnings Growth to Rival US for the First Time in Years Europe is gaining ground on the US this reporting season, with profit growth forecast within touching distance for the first time in more than three years. Analysts expect MSCI Europe constituents to post a 23% surge in third-quarter profits versus a year earlier, just shy of the 24% increase forecast for S&P 500 firms, according to data compiled by Bloomberg Intelligence. The last time European earnings outshone US counterparts was in the first quarter of 2023.
Europe (LOCATION) US (LOCATION) Years Europe (LOCATION) MSCI Europe (LOCATION) Bloomberg Intelligence (ORG) European (ORG)
Originally published by Bloomberg Technology Read original →