Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Czechsinthemail who wrote (12308)	2/20/1998 11:09:00 PM
From: RGinPG	Read Replies (2) of 95453

Are you talking about analysts upgrades/downgrades, or revisions of earnings estimates? These are definitely two different things. I think the upgrades and downgrades are less meaningful and coincide with very short term price movements. The earnings estimate revisions are something else though, these are the heart of what moves stock prices, anticipation of future earnings growth. I follow this carefully and can be seen on my site for all the stocks I follow on the Fundamentals / Earnings Estimates page. All the positive and negative revisions are summed for the last month and last 2 months. MDCO & ESV are at the top of the list for positive revisions in the last month (no negative revisions for these two). Earnings surprises are also important too of course and I've included these for most of the stocks for the last 3 quarters. These tend to be much more objective than brokerage upgrades/downgrades. Sometimes I think these have more to do with their trying to push stocks (or abandon them) for reasons other than the fundamentals. rgdoczzz.home.texas.net

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