European Corporate Earnings Forecasts Edge Upward
LSEG data shows European blue-chips expect a 0.4 percent rise in first-quarter earnings as cost-cutting offsets a revenue dip. Tech and energy lead the growth.
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The outlook for European corporate performance has shown signs of marginal improvement according to the latest LSEG I/B/E/S forecasts, though broader economic conditions remain constrained by geopolitical tensions in the Middle East. European blue-chip companies, excluding the volatile energy sector, are now projected to report a 0.4% increase in first-quarter earnings. This figure represents a slight upgrade from the 0.3% growth anticipated by analysts just one week prior.
