« Weekend Reading From Bespoke: Just Another Sleepy Summer Week? | Main | Lucky Sevens: Nasdaq Makes it Eight in a Row »

Analyst Sentiment In the Dumps

One of the indicators we regularly track is the number of companies in the S&P 1500 seeing positive and negative EPS revisions in a given week.  In the chart below we have calculated the number of consecutive weeks that the net earnings revisions ratio increased or decreased.  Green bars indicate consecutive weeks where the revisions ratio increased, while red bars indicate streaks where the earnings revisions ratio decreased.

As shown in the chart, our net earnings revisions ratio has now decreased for 10 consecutive weeks.  Going back to the end of 2007, this is the longest such streak of declining analyst sentiment that we have seen, even surpassing the nine week streak that we saw in the aftermath of the Lehman bankruptcy.  Looking at this data, it is hard to argue that analysts are positive heading into this earnings season.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    NFL is seriously one particular of the most significant sports in America. It has a major following.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>