View from the City: Earnings estimates stabilise after the storm

Edison Group’s Alastair George and Russell Pointon predict market stability will lead to more IPOs and M&A

Despite increasing fears of a second wave of Covid-19 infections, consensus 2020 earnings forecasts have remained stable. We recognise that a transition away from national government employment subsidies might lead to challenging unemployment data during Q4. However, for now at least, there are no adverse trends in consensus revisions. The new equity market equilibrium in…

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