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Growth and results · updated October 21, 2026

What are analyst estimate revisions

Revisions show whether the analysts who follow a company have been raising or cutting their profit estimates in recent weeks. Rising estimates show the business is doing better than people thought.

Analyst revisions formula

Revision=Today's estimate − Estimate 90 days ago|Estimate 90 days ago|× 100
The estimate
The average forecast of earnings per share for this year or next.

Worked example

Three months ago, analysts expected $5 of earnings per share for next year. Today they expect $5.40.

5.40today's estimate
5.0090 days ago
+8%upward revision

Expectations rose by 8% in three months.

How to read analyst revisions

Downexpectations are falling
Flatno change
Upexpectations are rising

Revisions tend to keep going in the same direction for a few months, because analysts change their estimates gradually.

When analyst revisions can fool you

Few analysts: for small companies, one changed estimate moves the whole average.

Related terms

Questions about analyst revisions

Where do the estimates come from?

From analysts at banks and brokerages who follow the company. We use their average.

These explanations are for information only. They are not a recommendation to buy or sell.

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