Source: Lipper Alpha Insight
While the Q2 2019 estimates for Euro Stoxx 600 ticked up modestly in the past week (from -2.6% to -2.4%), the real story is the forward EPS estimates for the next 12-18 months.When you look out past Q3 2019, 3 of the 4 subsequent quarters are projecting meaningful double-digit year on year growth. Current despondent sentiment for the region is inconsistent with that outlook – which may in fact be the opportunity…
Forward Estimates:
Q4: +10.7%
Q1: +16.5%
Q2: +8.6%
Q3: +15.7%
