[2/8] This Week’s Earnings Revisions Movers - Tech and Consumer Discretionary Lead
In the last 7 days, the Estimize universe has seen significant EPS revisions for 272 companies heading into upcoming earnings reports, with 141 downward revisions vs 131 upward revisions.
Sector Up Down Grand Total Percent Up Percent Down Consumer Discretionary 31 42 73 42% 58% Consumer Staples 4 9 13 31% 69% Energy 17 12 29 59% 41% Financials 2 2 4 50% 50% Health Care 11 21 32 34% 66% Industrials 12 7 19 63% 37% Information Technology 50 40 90 56% 44% Materials 3 6 9 33% 67% Telecommunications 0 2 2 0% 100% Utilities 1 0 1 100% 0% Total 131 141 272 48% 52%
Technology, the sector with the most attention on the Estimize platform, has seen the greatest momentum in the last week with 90 companies receiving significant revisions, 56% of those being upward revisions and 44% downward. With that said, the revisions to the downside are a lot steeper than the increase in the upward revisions.
Veeco Instruments, Workday, Imperva, New Relic and Zendesk all top that list as having the most positive movements. On the downside, Pandora, Photronics, Zynga, Allot Communications and SunPower have the greatest negative revisions.
Biggest Tech Upward Revisions
Rank Company Revision % 1 VECO 354.6% 2 WDAY 75.5% 3 IMPV 66.7% 4 NEWR 30.7% 5 ZEN 25.6%
Biggest Tech Downward Revisions
Rank Company Revision % 1 SPWR -1193.3% 2 ALLT -680% 3 ZNGA -150% 4 PLAB -108.9% 5 P -101.2%
The runner up for highest number of revisions in the last week is the Consumer Discretionary sector. The difference here is that a greater majority of those revisions were to the downside, 58% to be exact, with only 42% to the upside. Another difference is how subdued the positive estimates are relative to those seen for the Tech sector. On the top of the list is Thor Industries, Skechers, The Container Store, JD.com and Ross Stores. On the flip side, Sequential Brands, Stage Stores, Tesla, Iconix, Rent-A-Center all rank in the bottom 5.
Biggest Consumer Discretionary Upward Revisions
Rank Company Revision % 1 THO 9.3% 2 SKX 8.8% 3 TCS 6.9% 4 JD 6.1% 5 ROST 5.9%
Biggest Consumer Discretionary Downward Revisions
Rank Company Revision % 1 SQBG -286.5% 2 SSI -211.6% 3 TSLA -84.9% 4 ICON -50.3% 5 RCII -44.0%
The most interesting thing we’re seeing in the Estimize revisions data is the fact that the Industrials, typically not a sector with a lot of traffic on our site, has the greatest percentage of upside revisions in the last week, with 63% of all revisions being positive. I guess that shouldn't be much of a surprise considering the laser focus on that sector with President Trump’s proposed increase in infrastructure and defense spending. Leading the pack are Navios Maritime Partners, Hudson Technologies, Advisory Board, Esco Technologies and Air Lease Corporation.
Biggest Industrials Upward Revisions
Rank Company Revision % 1 NMM 185.7% 2 HDSN 100.0% 3 ABCO 17.3% 4 ESE 3.6% 5 AL 3.2%
Energy is still seeing the deepest cut to the downside, despite improvements in that sector. The five most negative revisions over the last week were given to Rowan Companies, Tesoro, Synergy Resources, Teekay Tankers, Noble Corp.
Biggest Energy Downward Revisions
Rank Company Revision % 1 RDC -1418.3% 2 TSO -537.5% 3 SYRG -241.2% 4 TNK -35.5% 5 NE -15.3%
