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Stock market analysts provide earnings estimates for companies they follow. These estimates are usually provided on a quarterly and yearly basis and for a certain period of time.
Earnings estimates are often revised when something new occurs to the company and analysts think that these changes could affect the future earnings of the company. A rise in earnings estimates after revisions is usually considered as a bullish sign, while a drop in earnings estimates after revisions is considered as a bearish sign.
Example of a trading strategy: Buy stocks after they have experienced large revisions in their consensus earnings forecasts.
The earnings estimates revisions object downloads the percentage change in the EPS or earnings per share consensus for different period of time and for all US stocks.
The data can be accessed from the "eps_revisions" database. It contains the following fundamental items:
Percent Change Q0 Estimate: EPS estimate revision during the last four weeks. The percentage change in the EPS consensus estimate for the last quarter during the last four weeks.
Percent Change Q1 Estimate: The percentage change in the EPS consensus estimate for the current quarter during the last four weeks.
Percent Change Q2 Estimate: Percent change in the earnings per share consensus estimate for the next quarter during the last four weeks.
Percent Change F1 Estimate: Percent change in the earnings per share consensus estimate for the current fiscal year during the last four weeks.
Percent Change F2 Estimate: Percent change in the earnings per share consensus estimate for the next fiscal year during the last four weeks.
Percent Change LT Growth Estimate: The percentage change in the long-term growth estimates consensus during the last four weeks.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
