In the spreadsheet above I have tracked the earnings estimates for the Communication Services Sector ETF (XLC).
The column under the date 3/29/2022 has a letter that represents the movement in 2022 earnings estimates since the most recent print (1/29/2022). “U” means 2022 estimates are UP in the last 3 months. “D” means 2022 estimates are DOWN in the last 3 months. “S” means 2022 estimates have remained the SAME in the last 3 months. 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 ticked up. An equal amount of estimates went UP for 2022 in the past 60 days than came DOWN – Up:Down – 11:11 ratio.
The cumulative 2022 earnings power of these stocks is up by +1.537% in the last 3 months.
