Over the past six months, only one out 24 global industries has experienced a positive tailwind to its FY1 sales estimate. That lone industry: diversified financials. Diversified financials FY1 sales estimate has increased by 3.5%, on an equal-weighted, USD basis, over the past six months. The other 23 industries have all seen its FY1 sales estimate fall over the past six months with energy taking the biggest beating (-21%). Over the past month, zero industry have experienced increasing FY1 sales revisions and FY1 sales estimates have fallen on average by 0.8%.
Overall, only 22% of all global stocks have seen its FY1 sales estimate revised higher over the past six month. No industry has a majority of its stocks experiencing higher FY1 sales revisions. Semiconductors & semiconductor equipment has the highest percentage at 46% and only 1% of energy stocks have experienced improving FY1 sales revisions. 11 out of the 24 industries have less than 1/5 of its stocks with improving revisions.
Developed and Emerging Markets Change In Sales Estimate By Industry
Developed and Emerging Markets FY1 Sales Revision Breadth By Industry
