How Do Institutions View The Coming Earnings Season？
@Tiger_Insights：
From January 9, with the bank stocks starting the Q4 2022 earnings season, the market begins to question that whether the wave of “earnings plunge” will beign or not. So, how do the institutions view this issue?Source: Credit SuisseI. Overview of Earnings ExpectationsGenerally speaking, Wall Street analysts tend to revise earnings estimates before the earnings season, so as to make the companies' earnings beat the expectation.According to Credit Suisse,the consensus estimate for 2022 Q4 $S&P 500(.SPX)$ EPS has been revised down by 7.8% since the end of September last year, which is lower than the averege downward revision of