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Estimize Earnings Estimates

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Taking the wisdom of crowds approach to earnings estimates

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Estimize.com is a relatively young website that takes a wisdom of crowds approach to earnings estimates. Market participants of all types provide quarterly EPS estimates to the site, and this consensus can be compared to the typical Wall Street sell-side consensus estimate to see where divergences occur.

Below we highlight the Estimize.com Q2 EPS estimates for the stocks reporting this week (not all stocks reporting had Estimize estimates) along with their current analyst estimates. The list is sorted by the difference between the two from the most positive to the most negative.

As shown, Advanced Micro Devices (AMD), which reports on Thursday, has the highest spread at 142%. Estimize.com's EPS estimate for AMD is at $0.17/share, while the consensus analyst estimate is at $0.07/share. Other stocks reporting this week where the Estimize.com estimate is much higher than the Wall Street estimate include Goldman Sachs (GS), Bank of America (BAC), PNC Financial Services (PNC), GE (GE), and Dover (DOV).

Only five stocks on the list have Estimize.com estimates that are lower than the consensus Wall Street estimate: Lincare Holdings (LNCR), Packaging Corporation of America (PKG), Chipotle Mexican Grill (CMG), American Express (AXP), and SanDisk (SNDK).

Twitter: @edwardnh
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No positions in stocks mentioned.
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