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Emerging Stocks Face Risk of Earnings Downgrades, Citi Says

The pace of earnings growth in emerging markets is slowing, leading to an increased risk of downgrades to analysts’ profit estimates in coming months, according to Citigroup Inc.

Analysts are now predicting 12-month per-share earnings growth of 16 percent, compared with an average estimate of 30 percent in early 2010, analysts led by Geoffrey Dennis wrote in a report yesterday.