Europe Inc eyes record first-quarter earnings jump as economy recovers
Europe Inc earnings are expected to have risen a record 61% in the first quarter of 2021, Refinitiv IBES data showed on Tuesday, as the global economy recovers from the severe downturn caused by the coronavirus pandemic.
That would mark the best quarter for Europe Inc since IBES records began around nine years ago and also represents a big improvement compared to last week’s forecast for a 55.7% jump.
The forecasts, which track companies listed on the pan European STOXX 600 equity benchmark, point to revenues rising 2.8% in the first quarter, compared to 2.7% a week ago.
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