UBS takes the axe to JB Hi Fi, Harvey Norman and other retail earnings as the downgrade cycle starts - The Australian Financial Review

Investors have been waiting to see if resilient earnings forecasts would roll over. It looks like the process is getting under way.

Veteran UBS retail analyst Shaun Cousin has taken the axe to earnings forecasts, cutting his 2022-23 earnings per share (EPS) estimates for non-food retailers by 23 per cent on average. Big box elec… [+2707 chars]

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