Q2FY16 earnings lacklustre, downgrade industrials: Barclays

Bhuvnesh Singh, Barclays says Q2FY16 looks likely to maintain the recent lacklustre trend with the tally of EPS 'beats' at 37 percent versus 'misses' at 45 percent.

The consensus FY16 EPS growth estimate for the BSE 100 Index remains on a downward trend, standing at 12.2 percent, down 179 basis points since the start of the current quarter (October 1, 2015), he adds.

With the exception of energy, all sectors have seen downgrades to FY16 consensus earnings estimates since the start of the current quarter, with the largest downgrades seen in materials and industrials, Singh says.