A scatter plot displays the relationship between average earnings revisions (year-to-date) for the 2026–2028 time period on the x-axis (which ranges from –10% to 50%) and year-to-date returns for 2026 on the y-axis (which ranges from –25% to 50%). Data points are categorized by country/region (teal circles) and sector (dark yellow circles). By region, Asia-Pacific ex-Japan shows the highest values, with a return of about 18% and an upward earnings revision of about 33%. Europe is the biggest laggard, with a return of about 5% and an upward earnings revision of about 2%. By sector, “IT subsector: Semiconductors and semiconductor equipment” shows the highest values, with return of about 39% and an upward earnings revision of about 45%. “IT subsector: Technology, hardware, and equipment” also performs well, with a return of about 26% and an upward earnings revision of about 27%. In contrast, the “Healthcare” and “Financials” sectors cluster at the low end of the plot for both returns and earnings revisions.