Anheuser-Busch InBev even estimated that it could achieve earnings per share growth of 483% for this year while EPS growth expected to touch 18.7% for next year, according to InvestorPlace.
Furthermore, European markets were broadly strengthening to five-month highs on the first day of March trading as a number of corporate earnings results helped drive risk-on sentiment, Reuters reports.
“Momentum has flagged slightly in recent sessions and concrete news of an agreement between the U.S. and China is now needed to prolong the rally in risk assets,” Peel Hunt analyst Ian Williams said in a note, noting that in the meantime it was up to corporate earnings to maintain morale.
“If corporate profits do grow, which I think they will, equities look reasonably good value,” Edward Rumble, European equity portfolio manager at RWC Partners, told Reuters.
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