In the spreadsheet above I have tracked the earnings estimates for the top 30 weighted Nasdaq stocks. I have columns for what the 2019 and 2020 estimates were on 9/9/2019 today.
The column under the date 11/8/2019 has a letter that represents the movement in 2019 earnings estimates since the most recent print (9/9/2019). U means 2019 estimates are UP in the last 60 days. D means 2019 estimates are DOWN in the last 60 days. S means 2019 estimates have remained the SAME in the last 60 days. The column entitled 1yr Target Est is the Wall Street consensus 12 month price target for each stock.
What this table is telling us is that estimates have remained relatively stable. More estimates went UP for 2019 in the past 60 days than came DOWN Up:Down 14:9 ratio. The rest remained the same.
The cumulative 2019 earnings power of these 30 stocks was revised UP by +.90% in the past 60 days.
Thomas J. Hayes is Chairman and Managing Member of Great Hill Capital, LLC (a long/short equity manager based in New York City). He started HedgeFundTips.com as a platform to share actionable insights, tips and research for Hedge Funds, Institutions and Individual Traders to benefit from – based on what he has learned in his years of experience in the Hedge Fund industry. You can read his full bio at the site below.
Try our Free Newsletter or our 14-Day Free Trial.