In the spreadsheet above I have tracked the earnings estimates for the Nasdaq Biotech ETF (IBB) top 30 weighted stocks.
The column under the date 1/30/2020 has a letter that represents the movement in 2020 earnings estimates since the most recent print (12/2/2020). “U” means 2020 estimates are UP in the last 60 days. “D” means 2020 estimates are DOWN in the last 60 days. “S” means 2020 estimates have remained the SAME in the last 60 days. The column entitled “1yr Target Est” is the Wall Street consensus 12 month price target for each stock.
What this table is telling us is that estimates have moved up in the past 60 days. More estimates went UP for 2020 in the past 60 days than came DOWN 19:11 ratio. The rest remained the same.
The cumulative 2020 earnings power of these 30 stocks was revised UP by 2.06% in the past 60 days.
