FTSE100 miss analysts' forecasts
Only 9% of FTSE100 companies reached their year-end, earnings per share forecast with most UK companies underperforming relative to their forecasts, new research shows.
Almost half of FTSE100 companies missed analysts’ estimates by more than 10%, a new study by Parson Consulting reveals.
Underperformance was most prevalent in sectors like healthcare and pharmaceutical, services, utilities and telecoms and consumer and retail.
In a comparative survey based on analysis of S&P500, 20% of US companies achieved their eps forecast, with most US companies overperforming relative to their forecasts.