Strategies · Core
Analyst Revision Strategy
Long names with upward earnings-estimate revisions and short downward revisions — the revision-momentum book.
Definition
Sort on 1-month change in consensus EPS (or a diffusion of up vs down). Long up, short down. Overlaps PEAD and momentum. Slow analysts vs a fast tape is the live debate.
Why it matters
Revisions are a clean public signal. Crowded, and the first print after the revision can be the whole move.
Case
A cluster of upgrades after a beat you already own via PEAD. Two strategies, one event.
How to read it
Stale consensus, skip the announcement day, and overlap with PEAD/mom before you stack them.
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