Upcoming Quarterly Earnings – What to Expect: Citi

Citi analysts Tobias M Levkovich, Lorraine M Schmitt and Christina Wood look at trends leading up to the upcoming quarterly earning results in their report of September 27, 2013. Here are some of the key points made in the report.

Macro versus Micro Focus

The recent preoccupation with macro events such as the Fed pronouncements, the no-taper and housing or employment data is expected to change to company-specifics as the earnings numbers flow in—but Citi suggests that investors not lose sight of the big picture entirely. In a world where “global economic developments matter much more than they have previously,” it is advisable not to ignore or overlook the broader environment.

Negative-to-positive pre-announcement (N/P) ratio

3Q13’s N/P ratio...