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Thursday, 01/12/2023 11:17:15 AM

Thursday, January 12, 2023 11:17:15 AM

Post# of 59411
For me, the way markets follow and react to stock analysts is laughable if not absurd given the spread that commonly appears between the lowest and highest estimates from analysts.

From the "KEY TAKEAWAYS" section of the Investopedia page referenced in the link at the bottom:
- Consensus estimates are an average of forecasts for company revenues and earnings by analysts covering a stock.
- These estimates are not an exact science and depend on a variety of factors, from access to company records to previous financial statements and estimates of the market for the company's products.
- If a company misses or exceeds consensus estimates, it may send the price of a stock tumbling or soaring, respectively.

https://www.investopedia.com/terms/c/consensusestimate.asp#:~:text=What%20Is%20a%20Consensus%20Estimate,FY)%2C%20and%20future%20FYs.
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