Bold Earnings Revisions is a momentum strategy that aims to spot the hidden signals in analyst forecasts, which has been documented in research and explored further by Jack Hough in his book Your Next Great Stock. Specifically, it captures the 'earnings momentum' in shares where an analyst has recently made a bold upward change to their earnings forecasts. The strategy identifies stocks that have received an earnings forecast upgrade during the past month. It's then possible to scrutinise the list to determine whether the analyst is moving towards the consensus of analysts or away from it. Jack Hough says: "Keep in mind that the size of an estimate revision isn't what makes it bold. Rather, what matters is whether it moves away from the herd." Singling out one just one analyst upgrade won't tell you whether that analyst is moving away from the consensus or towards it. So check the list carefully. more »
The Market Cap is a measure of a company's size - or specifically its total equity valuation. It is calculated by multiplying the current Share Price by the current number of Shares Outstanding. It is stated in Pounds Sterling.
Stockopedia explains Mkt Cap £m...
Market Capitalisation only takes into account the value of the company's shares (equity), it ignores the amount of debt a company may have taken on and therefore isn't the best indicator of the company's size. The Enterprise Value adds the net debt to the Market Cap and is a better indicator of the minimum amount that an acquiring company may have to pay to buy the firm outright.