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South Korean computer hackers compete during an information security olympiad at the National Assembly in Seoul, South Korea, Friday, July 10, 2009. (Lee Jin-man)
South Korean computer hackers compete during an information security olympiad at the National Assembly in Seoul, South Korea, Friday, July 10, 2009. (Lee Jin-man)

Earnings revisions

Tech, semiconductors see rising forecasts Add to ...

WHAT ARE WE LOOKING FOR?

We're spending the week looking for earnings trends. Today, let's go beyond Canada and look for earnings trends in the 10 main sectors around the world. We want to find where the earnings revision strength is and what subsectors are driving that strength.

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We used StarMine, which gathers earnings estimates data from analysts. We looked at how much earnings estimates have risen or fallen in the past 30 days and 60 days for all 10 main sectors around the world. We're looking at earnings estimates for the current quarter, the next 12 months and the next 24 months. We'll accept companies of all market capitalizations for the screen.

WHAT DID WE FIND OUT?

The information technology sector has been a place of the strongest earnings estimate revisions for the near term and the long term. In the past 60 days, analysts have increased estimates for the next quarter by 6.5 per cent, for the next 12 months by 3.6 per cent and the next 24 months by 3.2 per cent.

If you drill further into that sector, it is the semiconductor sector where earnings are being revised the most. In the past 60 days, semiconductor earnings have been boosted for the next quarter by 132 per cent, the next 12 months by 30 per cent and the next 24 months by 10.1 per cent.

 

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