Business
Top broker warns earnings expectations for the ASX reporting season are too high – Motley Fool Australia
If you are feeling nervous about the ASX reporting season, you should be as Citigroup is warning that expectations may be set too high.
The S&P/ASX 200 Index (Index:^AXJO) is giving up all of its morning gains as investors took profits and moved to the sideline ahead of the reporting season.
The top 200 stock benchmark is up by only 0.1% in after lunch trade after jumping by more than 1% this morning.
If you are feeling nervous about the profit reporting season, you may have good reason to be as Citigroup is warning that expectations may be set too high.
Risk of earnings misses
Analysts have been paring their FY20 profit…
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