Morgan Stanley Asked Analysts How Companies Were “Exceeding Estimates”, The Answer Is Disturbing
by Tyler Durden
ZeroHedge.com
Jun 11, 2016
According to a survey by Morgan Stanley, analysts responded that if firms exceed expectations to the upside, it was typically due to lower costs than higher revenues. Said otherwise, companies are not generating the top-line growth necessary to beat even the lowest of analyst expectations, and have focused on driving cost out in order to meet the street’s expectations. After all, if the numbers miss, executives don’t get as much out of those options and RSUs, and we can’t be having that.
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