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Earnings estimate trend turns as energy and tech lift expectations

Reported · Written up by our desk · Previews

Analysts typically pare back earnings forecasts in the months ahead of a company reporting season, but this quarter the pattern appears to have flipped, according to MarketWatch.

MarketWatch says expectations for second-quarter results have actually risen heading into earnings, helped by strength across the energy and technology sectors.

The shift means the lead-up to the second-quarter reporting window has featured forecast momentum rather than the usual estimate reductions seen in prior cycles.

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