Last Update: Apr. 29, 2022 To download the full Weekly Aggregates report click here. Please note: if you use our earnings data, please source I/B/E/S data from Refinitiv The Weekly Aggregates report provides updates on aggregate earnings revisions, growth rates and valuations. The numbers in the “Global Datapoints”, “U.S. Datapoints” and “Ancillary Data” sections are updated weekly. This report combines I/B/E/S’s unrivaled historical earnings database, in depth coverage of Wall Street analysts’ bottom-up corporate earnings estimates, and the analytic capabilities of the Proprietary Research group and desk-top solutions.

Not all sell-side analysts are equally successful at forecasting companies’ results.  In addition, sell-side analysts, like everyone else, are susceptible to the very human trait of being overly optimistic. While this may work for a general worldview, it can lead to skewed estimates and forecasts of growth and returns in the companies they cover. So, how do we account for the differences in analysts’ estimating capabilities and correct for their biases to ensure accurate valuations? These were the questions addressed by Tim Gaumer, Global Director of Fundamental Research, in a session titled ‘‘Analyst Performance Measurement and Improving Equity Valuations’’ at

Saudi Arabia’s Mohammed bin Salman is a crown prince in a hurry. Besides detaining members of his family in a corruption sweep and painting a high-tech vision of the kingdom’s future, the young ruler-in-waiting is also planning to sell a chunk of the national oil company, Saudi Aramco, to international investors. For that to proceed in 2018, he’ll need to choose a venue besides Riyadh for the listing early in the year. China looks like the best option. Setting aside questions about Aramco’s value, which the crown prince himself has pegged at an ambitious $2 trillion, there are hurdles to

Uber’s early backers are on a collision course with their own greed. Japan’s SoftBank and allied investors want to buy roughly one-sixth of the bumptious ride-hailing firm. Existing owners can sell at a $48 billion valuation, or about 30 percent below the last one. Even with a markdown, they could make many times their money. The promise of more, however risky, will cloud the thinking. Consider just one of the many rounds of funds raised under now-deposed co-founder Travis Kalanick. A so-called Series B investment in 2011 judged Uber to be worth $300 million before an injection of $37 million of

An animal-health spinoff may be just the prescription for Eli Lilly. The $90 billion outfit is weighing the sale or float of its pet and livestock drug business. Lofty valuations make it tempting to raise cash when the firm’s core pharma business has had some pipeline stumbles. But U.S. regulatory approval for its arthritis treatment is the real remedy investors seek. The company failed to get a green light for an Alzheimer’s treatment in 2016, but the odds were stacked against success in that case. The rejection of its arthritis drug by the U.S. Food and Drug Administration in April

The price-to-income and price-to-rent ratios are in line with their long-term averages… In 2016 Q4 German residential property prices, adjusted for inflation, were 15% higher than in the first quarter of 2013. Since the beginning of 2015 real residential property prices have risen at an annualised pace of almost 5% per quarter. Refresh the chart in your browser | Edit chart in Datatream But are house prices overvalued? House price-to-income and house price-to-rent ratios offer one way of thinking about the level of house prices relative to fundamentals. Since 2011, house price inflation has exceeded increases in both households’ disposable income and

Return on invested capital (ROIC) is not only the most intuitive measure of corporate performance, but it is also the best. It measures the amount of profit generated for every dollar invested by a company, and has clear links to valuation. No wonder the top buy-side investors increasingly want companies to tie executive compensation to ROIC. Unfortunately, many investors still rely on flawed calculations of ROIC. Most investors use third-party sites for ROIC data, and these sites do not collect the data in the footnotes necessary to reverse accounting distortions. Only by digging through the footnotes and management discussion and

Question: What is one thing (in no particular order) behavioural psychologists, filmmakers, journalists and advertisers all understand? Answer: The power of the narrative; humans like stories. Before the written word was invented, sitting round the campfire at the end of the day telling and retelling tales was how humans conveyed knowledge to each other (and passed it down through the generations): we are genetically predisposed to stories, tales, narratives – call them what you will. We find them an incredibly useful device for processing and storing information. Indeed, many memory-boosting techniques recommend turning data lists into stories in order to

EURUSD hit its lowest level (USD1.0039) since 2003 in the run-up to the first round of the French election. The currency recovered ahead of the final round on expectations that Emmanuel Macron would defeat Marine Le Pen – who favored French withdrawal from the Euro – and has rallied further on his victory. The currency was also helped by the less broadcasted but better than expected showing of Chancellor Merkel’s CDU party in German regional elections this past weekend which bodes well for national elections scheduled for November. EURUSD is now about12% off the lows and trading at its highest

On June 12th Reuters will host its inaugural Global M&A Summit, an exclusive event that will bring together senior investment bankers, M&A lawyers, international investors and corporate executives in our Thomson Reuters 30 South Colonnade office in London. Reserve your seat today The Summit will serve as a platform to discuss the current global M&A landscape with a special focus on protectionism, including the handling of politically sensitive transactions in spite of calls for protectionist measures by British and European politicians. Cross-border M&A activity will be another highlight of the Summit, with a special focus on the political implications of

There seems to be a shift to thrift amid the economic turmoil in Brazil and retailers with deep pockets may benefit.

There seems to be a shift to value and quality in Asia, and Belle may be one of the beneficiaries.