Healthcare Earnings Estimates/Revisions

Sep. 30, 2019 11:32 AM ETHealth Care Select Sector SPDR (XLV)
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Long/Short Equity

Contributor Since 2019

Tom Hayes is Founder, Chairman and Managing Member of Great Hill Capital, LLC (a long/short equity manager based in New York City). He started Hedge Fund Tips as a platform to share actionable insights, tips and research for investors/traders to benefit from – based on what he has learned in his years of experience in the Hedge Fund industry.

Read Tom's bio here: https://www.hedgefundtips.com/about-tj-hayes/

To get our Free Newsletter go to: https://www.hedgefundtips.com/free

Summary

  • More estimates went UP for 2019 in the past 60 days than came DOWN – Up:Down – 15:5 ratio.

In the spreadsheet above I have tracked the earnings estimates for the Healthcare Sector ETF (XLV) top 30 weighted stocks.

The column under the date 9/30/2019 has a letter that represents the movement in 2019 earnings estimates since the most recent print (8/1/2019). “U” means 2019 estimates are UP in the last 60 days. “D” means 2019 estimates are DOWN in the last 60 days. “S” means 2019 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 is that estimates have remained relatively stable. More estimates went UP for 2019 in the past 60 days than came DOWN – Up:Down – 15:5 ratio. The rest remained the same.

The cumulative 2019 earnings power of these 30 stocks was revised up by +.40% in the past 60 days.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.