Downward earnings revisions dominate before 1Q results season enters full swing
10 May 2023
KUALA LUMPUR (May 10): More Bursa Malaysia-listed companies have seen analysts revising downwards their earnings forecasts recently, data compiled by The Edge showed, hinting at more negative than positive earnings surprises so far this year.
Of the 36 companies with analyst coverage that have released their latest quarterly results since April, 20 or 55.6% of these companies saw their consensus full-year earnings forecasts revised downwards, while just five companies or 13.9% saw their earnings forecasts adjusted higher.
Adam Aziz & Sufi Muhamad(2023, May 10) Downward earnings revisions dominate before 1Q results season enters full swing.
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