Goldman’s Kostin Says US Earnings Bar Is Set Highest Since 2021
- High predictions mean S&P companies seen posting smaller beats
- Kostin expects lower reward in stock price reaction for beats
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Corporate America faces the highest earnings bar in almost three years as it prepares to report second-quarter results, according to Goldman Sachs Group Inc. strategists.
Single-stock analysts predict profits at S&P 500 firms rose 9% on average in the April-June period — the biggest year-over-year increase since the fourth quarter of 2021, strategists led by David Kostin wrote in a note dated June 28.