Are 3Q Corportate Earnings Estimates Too Low?
October 04, 2016 at 15:03 PM EDT
Morgan Stanley strategist Adam Parker and his team predicts that bottom-up earnings estimates for the S&P 500 – FactSet sees a 2.1% drop to $29.76 a share – may be too low, and advises that the index could be lifted to record highs by “modest upside” to current forecast.