The no-growth consensus of just three months ago is being forced to reckon with top line growth and unparalleled productivity gains already generating near or record profits, with straightforward forecasts of more to come.
We therefore view the acceleration in revenue growth that consensus models in 2017 as unlikely.
At the growth stage, consensus between fund partners becomes increasingly important.
–Growth outlook: Consensus estimates project 16% growth in per-share earnings this year and 11% in 2009.
–Growth outlook: Consensus estimates project 10% per-share earnings growth this year and 9% next year.
Fast growth, the consensus seems to be, raises the danger of Fed tightening.
–Growth outlook: Consensus estimates project 12% per-share earnings growth in 2008 and 29% growth in 2009.
When looking at the global performance of the classifier (monitored by its AUC) as well as its early recovery capability (monitored by its (hbox {PM}_{1%}) [29]), there is a clear improvement correlated with the growth in consensus size (Fig. 2).
Consensus growth forecasts for 2014 are far too low and will be revised up.
"The financial community, for years, had a consensus growth rate that was 25percentt, but nobody really believed it.
Ironically it is in affluent Germany, the only place in Europe that currently seems to have any hope of economic growth, where the consensus on the intrinsic value of growth is most sceptical.
