European firms forecast 21% Q3 earnings growth, energy sector leads

European companies are forecast to deliver 21% earnings growth in the third quarter, with energy firms at the forefront due to gains from global supply chain disruptions.

When energy is excluded from the calculation, the overall earnings growth rate drops to 9.7%, indicating the sector's outsized contribution to the broader figures.

Real estate earnings, meanwhile, are projected to face headwinds, with forecasts pointing to a sharp decline in the sector during the same period.