Business Standard

Dalal Street pins hopes on pickup in earnings next financial year

Consensus growth estimates of 21% for FY20 are achievable, say domestic fund managers

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Jash Kriplani Mumbai
With consensus earnings growth for 2018-19 (FY19) likely to undershoot expectations, the Street is pinning hopes on the next financial  year (FY20) for a meaningful and sustained pick up in earnings.

Domestic fund managers are of the opinion that the consensus growth estimates of 21 per cent for FY20 are achievable.

The cycle of earnings downgrade seen in FY19 — with estimates falling from 20 per cent since the beginning of the year to 13 per cent — is unlikely to be witnessed in FY20 again, said the fund managers.

“We are seeing positive signs, as the liquidity situation of

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