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Citigroup Says Buy Global Stock Dip as Earnings Worries Overdone

  • Markets pricing in earnings contraction for 2019, Citi says
  • Analysts still see EPS growth of about 8 percent: strategists
Source: Citigroup
Source: Citigroup

Concern about an earnings slowdown next year is overdone and investors should buy this dip in global equities, according to Citigroup Inc.

Global stock markets are pricing in a one percent contraction in earnings-per-share in 2019, wrote strategists including Robert Buckland in a note Thursday. This compares with an average analyst estimate of 8 percent growth, and a Citi expectation of 5 percent, they said.