S&P 500 2011 Profit to Miss Consensus Estimates, Strategas Says
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Standard & Poor’s 500 Index companies will report combined profit of $87 a share next year, 9 percent below the consensus projection of about $96, as revenue growth will trail forecasts in a slow recovery, according to Strategas Research Partners.
“Aggregate profits are on target to come in lower than many believe,” Nicholas Bohnsack, operating partner at the New York- based research firm, wrote in a report today. “The disconnect rests in the current misalignment of robust expectations for corporate profits with a sluggish cyclical recovery.”