Analysis-Investors worry that U.S. profit forecasts are too high

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By Caroline Valetkevitch NEW YORK (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly at risk from dizzying inflation, a strong dollar and rising interest rates, complicating the outlook for investors already reeling from the S&P 500’s bear market confirmation earlier this week. While second-quarter profit growth forecasts have fallen in recent weeks, estimates for the third and fourth quarters and for all of 2022 have held up or risen, according to IBES data from Refinitiv. As of Friday, Wall Street analysts expected S&P 500 earnings to grow by 9.6% in 2022, up from…

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