What does % EPS Upgrade FY1, last 3m mean?
This shows the percentage EPS upgrade of consensus broker forecasts for FY1 over the past three months.
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p> FY1 means the current forecast year, so if we are in March, it would usually be the year ended next December. It does however depends when the company's year-end is (whereas this is not the case with a rolling ratio).
Stockopedia explains % EPS Upgrade FY1, last 3m...
Research has shown that analysts forecasts have a tendency to trend. Analysts often get 'anchored' to their previous forecasts and only ratchet forecasts up or down cautiously in reaction to new events.
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p> You can read more about analyst momentum here.
