Earnings growth expectations are low against their historic average, close to troughs seen in the aftermath of previous recessions, but with metrics improving they may be set to start climbing again, says Citi analyst Scott T. Chronert. “A combination of falling growth expectations, low rising/falling estimate ratios and positive revision trends over the past few months has left earnings growth expectations toward the low end of historical ranges,” writes Chronert. Both small cap and mid cap trailing growth is in the same range as six of the last seven cyclical low points (EPS growth after the last recession is the…