Peak expectations meet earnings realityWall Street has spent months ratcheting earnings expectations ever higher. Now the bill is arriving. Netflix is down roughly 10% after disappointing guidance, IBM suffered its worst one-day collapse in decades after pre-announcing a miss, and Alcoa also failed to impress. The problem isn't earnings. It's that expectations have perhaps become almost impossible to beat.Bar raised
Has The Bar Been Raised Too High?
Consensus has spent months marking estimates higher. Are Netflix, IBM and Alcoa just bad luck—or the canaries in the earnings coal mine?











