History
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 »
This shows the total count of Earnings Estimate Upgrades from brokers/analysts in the last month. It should be contrasted to EPS Downgrades.
Stockopedia explains # 1w Upgrades ...
While broker recommendations in and of themselves do not appear to have much (any?) signal given the inherent positive bias in them, changes in a) forecasts and, to a lesser extent, recommendation have been shown by academic research to be much more meaningful.
This shows the total count of Earnings Estimate Upgrades (for FY2) by brokers/analysts in the last month. It should be contrasted with EPS Downgrades.
Stockopedia explains # 1m Upgrades...
While broker recommendations in and of themselves do not appear to have much (any?) signal given the inherent positive bias in them, changes in a) forecasts and, to a lesser extent, recommendation have been shown by academic research to be much more meaningful.
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.
This shows the number of analysts that are actively covering the company, i.e. they are currently providing a forecast for the next year and contributing to the next year consensus estimate.
You can read more about the Consensus Estimate here.
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