In the spreadsheet above I have tracked the earnings estimates for the top 30 weighted stocks in the IBD 50 Growth Index (ETF: FFTY) [That are not included in our Dow+8, Nasdaq, and Russell spreadsheets in earlier posts].
I have columns for what the 2019 and 2020 estimates (if available) were: 2/15/19, 3/18/19 and today 5/3/2019. The column under the date 5/3/2019 has a letter that represents the movement in 2019 earnings estimates since the most recent print (3/18/19). “U” means 2019 estimates are UP in the last 46 days. “D” means 2019 estimates are DOWN in the last 46 days. “S” means 2019 estimates have remained the SAME in the last 46 days. The column entitled “1yr Target Est” is the Wall Street consensus 12 month price target for each stock. You can see how it has come up or come down in recent weeks.
What this table is telling us so far is that estimates have remained relatively stable. More estimates came UP for 2019 in the past 46 days than came down 16:8 UP:DOWN ratio. The rest remained the same.
If you want to contrast this to the DOW + 8, Nasdaq (top 30 weights), and Russell (top 30 weights) you can review those recent posts here:
