EPS Estimate Revisions (90 Days): formula and how to read it

Whether analysts have been raising or cutting profit forecasts over the past three months. Change in the consensus EPS forecast for the next fiscal year compared with the same forecast as stored about 90 days earlier, as the change divided by the size of the earlier figure. A longer, steadier view than the 30-day revision; only forecasts for the same fiscal year are compared. Noisy for companies followed by only one or two analysts.

Stock Meadow groups it under Growth, and shows it in tables as EPS rev. 90d.

90-day revision = (consensus next-fiscal-year EPS today − the same consensus about 90 days ago) ÷ |the same consensus about 90 days ago|

If analysts' consensus for next year's EPS was $5.00 three months ago and is $4.50 now, the 90-day revision is −10%. The numbers are made up for illustration.

A positive figure means forecasts have been rising over the quarter, a negative one that they have been falling. Compare it with the 30-day figure: a positive 90-day and a positive 30-day revision together means the upgrades are continuing.

When Stock Meadow ranks stocks, a higher figure scores better.

• The figure is blank until Stock Meadow has stored a forecast snapshot at least 90 days old, because the data provider keeps no forecast history.
• Only forecasts for the same fiscal year are compared, so it goes blank after a company reports and its forecast year moves on, until 90 days of snapshots for the new year exist.
• Noisy for companies followed by one or two analysts, and capped at ±1000%.

How Stock Meadow handles gaps. Usually blank when there is no analyst forecast, fewer than 90 days of daily forecast snapshots have been stored yet (Stock Meadow keeps its own, because the data provider has no forecast history), or the company's next forecast year changed in between. Extreme values are capped at 1000%+.

Treat any single metric as one clue, and read the company's financial statements before drawing a conclusion. Stock Meadow's figures are research tools based on reported data, not investment advice.

In Weighted ranking, Z-score composite and Balanced (no weak link), you choose the metrics and weights yourself, so you can include it in a custom score.

No fixed-recipe model scores it.

Read about every scoring model on the scoring models page.

• EPS Estimate Revisions (30 Days): whether analysts have been raising or cutting profit forecasts over the past month.
• Forward EPS Growth: how much analysts expect profit per share to grow in the next fiscal year.
• Number of Analysts: how many analysts forecast the company's earnings.
• Analyst Price Target Upside: how far above (or below) today's price the analysts' average target is.

What is the difference between the 30-day and 90-day revision?

The 30-day figure reacts quickly to recent changes in forecasts but is noisier. The 90-day figure shows the longer trend in expectations.

Do estimate revisions predict share prices?

Studies have found that stocks with rising forecasts tended to outperform those with falling forecasts over the following months, but the effect is modest, varies over time and is no guarantee.

Is a higher or lower EPS rev. 90d better?

When Stock Meadow ranks stocks, a higher figure scores better. That is a ranking convention, so read EPS rev. 90d alongside other measures and compare similar companies.

Why is EPS rev. 90d blank for some stocks?

It is usually blank when there is no analyst forecast, fewer than 90 days of daily forecast snapshots have been stored yet (Stock Meadow keeps its own, because the data provider has no forecast history), or the company's next forecast year changed in between. Stock Meadow leaves the figure blank rather than guessing it.