European Earnings Seen Up 47.6 Percent in Third Quarter

By Reuters
Reuters
Reuters
October 19, 2021 Updated: October 19, 2021

MILAN—Europe Inc. earnings are expected to have risen 47.6 percent to 96.1 billion euros ($112 billion) in the third quarter, data from Refinitiv I/B/E/S showed on Tuesday, as the region’s economic recovery continues following the severe pandemic downturn.

The estimate, based on firms listed on the STOXX 600 benchmark, is a slight improvement from last week’s 46.7 percent growth forecast and compares to the 42 percent expected early in August.

Revenues for the STOXX 600 are expected to have risen 12.2 percent year-on-year, also slightly up from last week’s forecast of a 12.1 percent growth, according to Refinitiv I/B/E/S.

Even as European companies continue to report strong growth following two record quarters, investors are increasingly wary that supply chain strains, labour shortages, and surging energy prices could start to undermine profits.

By Danilo Masoni

Reuters