Industrials, top 30 weights, Earnings Estimates and Revisions

In the spreadsheet above I have tracked the earnings estimates for the Industrials Sector ETF (XLI) top 30 weighted stocks. The column under the date 11/29/2019 has a letter that represents the movement in 2019 earnings estimates since the most recent print (9/30/2019). 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 are relatively stable. More estimates went UP for 2019 in the past 60 days than came DOWN 13:17 ratio. The rest remained the same.

The cumulative earnings power of these 30 stocks was revised down by -2.26% in the past 60 days. However, if you exclude the aberration from BA (Boeing), 2019 EPS estimates declined only 1.1% in the last 60 days.

The Earnings Growth Estimate for these 30 stocks is currently 15.28% for 2020.