The Intrinsic Value Podcast - The Investor’s Podcast Network cover image

MI264: How to Pick Stocks Using Earnings Estimate Revisions, Price Trends, and Valuations w/ Sam Burns

The Intrinsic Value Podcast - The Investor’s Podcast Network

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Are Analysts Overly Optimistic?

Analysts tend to be overly optimistic on average, but it's not the level of their forecast that matters. It's whether if there's news comes out and they raise their estimates for whatever reason, that's incrementally positive news. That's kind of probably drive the stock price higher rather than lower. And so we find that the stocks that have the biggest upward revisions tend outperform those with the most negative revisions.

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