Wall Street is raising quarterly profit forecasts for the first time in two years, and executives are relaxing about recession prospects

After nearly two years of concerns about a recession, growing optimism about the economy is starting to filter down into Wall Street’s expectations for individual companies’ quarterly results, with analysts growing more upbeat about corporate profit in the months ahead

“In fact, this quarter marked the first increase in the bottom-up EPS estimate over the first two months of a quarter since Q3 2021,” FactSet Senior Earnings Analyst John Butters said in the report. The FactSet report also found that executives are talking less frequently about a recession, based on an analysis of earnings call transcripts. From June 15

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