In the spreadsheet above I have tracked the earnings estimates for the top weighted Russell 2000 small cap stocks. I have columns for what the 2021 and 2022 estimates were on 7/4/2021 and today.
The column under the date 9/4/2021 has a letter that represents the movement in 2021 earnings estimates since the most recent print (7/4/2021). “U” means 2021 estimates are UP in the last 60 days. “D” means 2021 estimates are DOWN in the last 60 days. “S” means 2021 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 moved up in the last 60 days. More estimates went UP for 2021 in the past 60 days than came DOWN 25:3 UP:DOWN ratio.
The cumulative 2021 earnings power of these 30 stocks increased by 11.79% in the past 60 days. The cumulative 2022 earnings power of these 30 stocks increased by 8.66% in the past 60 days.
