In the spreadsheet above I have tracked the earnings estimates for the top 30 weighted stocks in the IBD 50 Growth Index (ETF: FFTY)
I have columns for what the 2024 estimates were on 7/12/2024 and today. The column under the date 9/10/2024 has a letter that represents the movement in 2024 earnings estimates since the most recent print (7/12/2024). “U” means 2024 estimates are UP in the last 60 days. “D” means 2024 estimates are DOWN in the last 60 days. “S” means 2024 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 so far is that estimates have gone UP. More estimates went UP for 2024 in the past 60 days than came DOWN – 21:6 UP:DOWN ratio. The rest stayed the same.
The cumulative 2024 earnings power of these 30 stocks went UP by +6.05% in the past 60 days. 2025 earnings rose +5.65%.
