Positive EPS revissions Continue

Although equity markets have been hit by rising volatility and uncertainty this year, the trend in global earnings has remained positive. In fact the global earnings picture has continued to improve as all regions benefited from positive earnings recently. Scotia Capital put out a chart to illustrate revissions over the last three months. Positive revisions were strongest in North America with the TSX and S&P 500 2011 EPS forecasts revised up 2.9% & 1.9% respectively.