In the fourth edition of ‘Product Insights’, we look at how users can efficiently track changes in consensus estimates during earnings season using Refinitiv Workspace for Analysts and Portfolio Managers. One of the more time-consuming exercises is to systemically sort the companies that have reported earnings in the current earnings season period vs. those who have yet-to-report.  Aligning this data can be challenging if we use periods such as FQ1 (current quarter).  For example, we are currently in 22Q3 earnings season and FQ1 will show a mix of either a) current quarter estimates for a yet-to-report company (22Q3), or b)

The British economy has been rattled by a cost-of-living crisis fuelled by higher energy prices which has resulted in the Bank of England (BoE) raising its policy rate by 200 basis points to 2.5% since the beginning of the year with further rises to follow.  Currently, this ranks as the eighth largest annual increase in the base rate going back to 1900 (Source: Refinitiv Datastream). Using the Interest Rate Probability App in Refinitiv Workspace, markets are pricing rates to rise to 4.5% by the end of the year which would result in an increase of 400 basis points in 2022. 

On September 15th, FedEx Corp (FDX.N) delivered a shockwave announcement highlighting an accelerated slowdown in global demand which resulted in the company withdrawing its 22Q2 quarterly guidance. This Product Insight looks back at how the StarMine Analyst Revision Model (ARM) provided a rapid signal to users, informing them of a significant change in analyst sentiment. ARM is a stock ranking model that is designed to predict future changes in analyst sentiment by looking at changes in estimates across EPS, EBITDA, Revenue, and Recommendations over multiple time periods. Exhibit 1 highlights an ARM score of 35 for FedEx Corp (FDX.N) on

The peak-period of earnings season will begin over the next few weeks, where approximately 80% of constituents report.  The current S&P 500 20Q4 earnings and revenue growth rate are -7.8% and -1.2% respectively. In a typical quarter, year-over-year (YoY) growth expectations decline by an average of 3.6 percentage points (ppts) from the start of the quarter to the start of earnings season.  However, 20Q4 YoY earnings have increased by 1.5 ppts over this period to -10.3% by Jan. 1, 2021. Consumer Discretionary saw the greatest improvement over this period, with YoY earnings increasing 3.0 ppts to -22.6% by Jan. 1.