Virus Will Materially Hit First Quarter Earnings: Waverton IM’s CIO

The video discusses the impact of the virus on European companies' earnings, particularly in Q1, and how it overshadows fundamentals. It analyzes Q4 earnings, noting that 76% of companies beat expectations, but emphasizes the importance of 2020 projections. The global consensus expects a 10% earnings increase, but Q1 is likely to be affected. Asia Pacific's expected gains are also in question. The video highlights the challenges of starting the year with lower earnings and the implications for GDP growth.

What is the main factor overshadowing the earnings of European companies?

• Brexit negotiations

• The virus impact

• Trade wars

• Interest rate changes

What percentage of companies beat their earnings expectations in Q4?

• 90%

• 76%

• 60%

• 50%

Which quarter's earnings are expected to be negatively impacted by the virus?

• Q2 2019

• Q4 2019

• Q1 2020

• Q3 2020

What is the global consensus for earnings growth in 2020?

• 5%

• 20%

• 10%

• 15%

Which region was expected to have the strongest earnings gains in 2020?

• South America

• Asia Pacific

• Europe

• North America