Sell-side analysts are expected to be optimistic and objective, but not necessarily in that order. While an objective view does help the investing community at large, optimistic reports are integral to one’s survival on the sell-side. No wonder then, most analysts are projecting that FY14 will be a much better year in terms of earnings growth for frontline companies. The consensus: Sensex companies will see an earnings growth of 19% in FY14 compared with 7% during the last financial year. However, like any composite score, this 19% earnings growth has a wart and that, in this case, is one of back-ended growth.
Trend
Keeping the faith
Post first-quarter earnings, FY14 estimates are likely to be further downgraded
Editor's Pick
Most Popular
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Where's the party tonight?
Aditi Saxena - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021