Doing the , a lot of  EPS data is thrown out to readers (source data from IBES data by Refinitiv), but one method I use to confirm the growth rates is to track “aggregate estimate revisions” from IBES data.

The problem with the Refinitiv reports is that they only give 4 weeks at a time—the last 4 weeks—in terms of tracking the number of S&P 500 estimates that have seen revisions up or down over the week, but this site has been tracking this data since 2010, so the data we provide readers, while sourced from Refinitiv / IBES, is followed internally for the last 10 years.

This spreadsheet shows the “positive” vs “negative” revisions for S&P 500 companies since January 1, 2021.

Note the last 4–6 weeks: the positive revisions are actually growing, while the number of actual revisions is smaller than each typical reporting period.

This confirms or supports for readers the percentage growth rates found on this weekend’s weekly earnings update.

(The weekly market returns and written descriptions over to the right is a personal habit that tries to capture the big news event that week. The bank spaces are me not getting to the data and the spreadsheet for those particular weekends.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here