Nifty earnings for December quarter hit an 11-quarter low at Rs 96.5 per share. This is the first instance since June 2016 when the earnings per share has slipped below Rs 100. It also marks the fourth consecutive quarter of lower-than-estimated earnings for the 50-pack.The divergence between estimates vs actual EPS has been in the range of 14-21 per cent in last three quarters. The expected EPS at the end of second quarter of this financial year stood at Rs 118.3, which was then revised marginally upward to Rs 119.2 by the time the first Nifty company reported December quarter earnings on January 9, 2019. At the end of the earnings season, analysts were expecting Nifty50 companies to report an aggregate EPS of Rs 118.7.The expected earnings per share for Nifty50 companies for financial year 2019 has been downgraded by 5.5 per cent to Rs 552.9 since January 9, 2019, even as the third quarter earnings season started. Only two out of nine sectors saw an upgrade while downgrades were led by the energy space. 68106431 68090140 68059412 68004281
from Economic Times https://ift.tt/2EmJ2HJ
Friday, February 22, 2019
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