What does % 1m EPS Upgrade FY2 mean?
This shows the percentage EPS upgrade of consensus broker forecasts for FY2 over the past month.
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p> FY2 means the next forecast year after this one. If we are in March, it would usually be the year ended the December after next December. It does however depends when the company's year-end is, i.e. they do not always end in December (this is not the case with a rolling ratio which is normalised for different year-ends).
Stockopedia explains % 1m EPS Upgrade FY2...
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.
