> ## Documentation Index > Fetch the complete documentation index at: https://complete-docs-x17s80.allmind.ai/docs/llms.txt > Use this file to discover all available pages before exploring further. # Estimates > Wall Street's forward view on a company — consensus revenue/EPS/EBITDA forecasts, earnings beats and misses, buy/hold/sell ratings, price-target ranges over time, and the stream of analyst upgrades and downgrades — sourced from LSEG IBES & Broker Estimates. Estimates is where you see what the sell-side expects for a single company. It pulls together consensus analyst forecasts for the financials (revenue, EPS, EBITDA and more), how those forecasts compared to the numbers the company actually reported, the rolling buy/hold/sell consensus and average rating, the high/mean/median/low price-target range and how it has tracked the share price, the broker-by-broker view of who is bullish or bearish, and the running stream of rating upgrades, downgrades, initiations and reiterations. Everything lives on one screen, organized into six sections you can move between freely. *Find it under **Equities → Estimates** for any company.* Users also call it "Estimates & Forecasts," "Analyst Estimates," "Consensus Estimates," "Forecasts," or "Wall Street Estimates." ## What it is Estimates is the forward-looking, consensus workspace inside the Equities Data Viewer. Where [Financials & Ratios](/data-viewer/financials) shows the numbers a company has actually reported, Estimates shows what analysts expect next and how good their past expectations turned out to be. It is built from six sections that sit side by side for the same company: * **Overview** — one-glance summary of analyst sentiment and the current price-target/consensus picture. * **Detailed Viewer** — per-metric consensus forecast versus reported actual, by fiscal period, with a trend chart. * **Surprises** — earnings beats and misses: how reported actuals compared to consensus, with a BEAT / MISS / MET flag. * **Price Target History** — how the analyst price-target range has moved over time versus the actual share price. * **Recent Analyst Estimates** — broker-by-broker and analyst-by-analyst recommendations and price targets. * **Firm Rating Revisions** — the chronological stream of rating upgrades, downgrades, initiations, reiterations and maintains. The **Overview**, **Price Target History**, and **Recent Analyst Estimates** sections each carry the same consensus summary — the latest price-target range, the analyst count, the buy/hold/sell tally, and the average 1-5 rating with a plain-language label — so the headline read stays in front of you as you move through them. The consensus and broker data come from **LSEG IBES & Broker Estimates**; the rating-revision stream comes from a separate analyst-ratings source. ## When to use it Reach for Estimates when you need the market's forward view on a company rather than its reported history: * You're writing an **earnings preview** and need where **consensus revenue, EPS, and EBITDA** sit for the upcoming quarters and years. * You want to know **how the stock has historically beaten or missed** consensus, and by how much. * You want the current **buy / hold / sell split** and the **average analyst rating**, plus how sentiment has trended over the last year. * You want the **high / mean / median / low price-target range** and how targets have tracked the actual share price. * You want to see **which individual brokers are most bullish or bearish**, with their target prices and the dates they last moved. * You're tracking **sentiment shifts** — the latest upgrades, downgrades, and initiations among covering analysts. * You want to **cross-check a valuation** against where consensus expects the business to land. ### When to use something else instead | If you want… | Go to | | ---------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------- | | The company's **actual reported financials** (income statement, balance sheet, cash flow as filed) and computed ratios | [Financials & Ratios](/data-viewer/financials) | | **Peer / comparable-company** comparison of estimates or valuation | [Comps](/data-viewer/comps) | | **Price action, technical indicators, dark pools,** and live quotes | [Price Analysis](/data-viewer/price-analysis) and the [Chart](/data-viewer/chart) | | **Filings, transcripts, and other documents** behind the numbers | [Documents](/data-viewer/documents) and [Company IR & Events](/data-viewer/investor-relations) | | The **same forward questions answered across many companies at once** | Grids | | A **formatted written deliverable** built on the estimates | Reports | Estimates is forward-looking consensus for one company. For what the company actually reported, use Financials; for forward consensus compared across a peer set, build a Grid. ## How to use it Open a ticker in the Data Viewer and choose **Estimates**. It lands on the Analyst Estimates view, opening on the **Overview** section by default. Use the section tab bar to switch among **Overview, Detailed Viewer, Surprises, Price Target History, Recent Analyst Estimates,** and **Firm Rating Revisions**. The section you're on is reflected in the page link, so you can share or reload a specific Estimates view. In **Detailed Viewer** or **Surprises**, choose the metric you want — EPS, Revenue, EBITDA, and more — from the searchable metric selector, then toggle **Annual** vs **Quarterly** to change the period basis. (Detailed Viewer opens on Annual; Surprises opens on Quarterly.) Use the **Show Chart** switch to display or hide the trend or price-target chart that sits above each table. In **Recent Analyst Estimates**, use the broker filter to focus on a single firm's analyst, or leave it on **All Brokers** to see every contributor. On **Detailed Viewer, Surprises, Price Target History,** and **Firm Rating Revisions**, press **Add to AI Chat** to push the whole table into the AI assistant. On **Recent Analyst Estimates** and **Overview**, reach the assistant with the **Ctrl+K** keyboard command instead — select cells and press **Ctrl+K** to send them. From there you can ask questions or build multi-step analysis on that data. Save any table to a [Data Room](/data-viewer/documents) folder with the bookmark control, so you can come back to it later or build a report from it. ## What you get ### The six sections | Section | What it's for | | ---------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Overview** | A one-glance read on sentiment. A **Recommendation Trend** stacked bar chart over the last 12 months (one bar per month) splits coverage into Strong Buy, Buy, Hold, Sell and Strong Sell counts. Below it, a consensus summary shows the latest price target **Low / Mean / Median / High**, the analyst count, the **Buy / Hold / Sell** tally, and the **average recommendation** on a 1-5 scale with a plain-language label. | | **Detailed Viewer** | Per-metric consensus versus actual, by fiscal period. For the selected metric it plots a line chart of the **last 8 fiscal periods** showing the reported **Actual**, the consensus **Mean**, and the **Historically Weighted Estimate**, plus a table with Period, period End Date, Actual, Mean, Historically Weighted Estimate, and Surprise %. **EPS** is shown as both **GAAP and Adjusted** variants side by side. Annual / Quarterly toggle and Show Chart switch; defaults to Annual. | | **Surprises** | Earnings beats and misses. For the selected metric the table shows Period, End Date, **Estimate (Mean)**, **Actual**, **Surprise** (actual minus mean), **Surprise %**, and a **BEAT / MISS / MET** flag. Only periods where an actual has been reported are shown. For EPS it uses the Adjusted variant. The **Surprise** value is always actual minus mean; the **Surprise %** is provider-supplied; and the **BEAT / MISS / MET** flag follows the sign of that percentage. Annual / Quarterly toggle; defaults to Quarterly. | | **Price Target History** | How the target range has moved versus the share price. A line chart of the **last 12 unique price-target dates** plots **Low, Mean and High** targets together with the **actual closing share price** (a dashed overlay) so you can judge how targets tracked reality. The table lists, by date, Mean Target, Median Target, High, Low, **Long-Term Growth Mean (%)**, Recommendation Mean (1-5), and Total Analysts. Show Chart switch. | | **Recent Analyst Estimates** | The broker-by-broker view. Each contributing broker is listed with Analyst, Broker (Contributor), **Recommendation** (a color-coded label such as Strong Buy / Buy / Outperform / Overweight / Hold / Neutral / Market Perform / Equal-Weight / Sell / Underperform / Underweight / Reduce / Strong Sell), **Recommendation Value (1-5)**, **Target Price**, Price Target Date, Recommendation Revision Date, and Recommendation Date. A searchable broker filter (with per-broker estimate counts) narrows to one firm. | | **Firm Rating Revisions** | The stream of rating changes. Columns are Date, Firm, **Action** (Upgrade / Downgrade / Maintains / Initiate / Reiterate, color-coded), **From** grade and **To** grade. A header summary shows counts of total Revisions, Upgrades, Downgrades and Maintains, with per-column search and filtering. | ### How the rating scale reads The average recommendation is scored on a 1-5 scale, with a plain-language label so you don't have to interpret the number: **1.5 or lower = Strong Buy**, up to **2.5 = Buy**, up to **3.5 = Hold**, up to **4.5 = Sell**, and **above 4.5 = Strong Sell**. The Overview shows both the current average and the 12-month trend of how many analysts sit in each bucket. ### Which metrics have consensus The searchable metric selector covers, grouped by Income, Expenses, and Balance Sheet: * **Income** — EPS (GAAP and Adjusted), Revenue, EBIT, EBITDA, Net Income. * **Expenses** — COGS, SG\&A, G\&AE, D\&A. * **Balance Sheet** — NAV, Current Assets, Current Liabilities, Shareholder Equity. For each metric you get the consensus **Mean**, the **Historically Weighted Estimate**, and the reported **Actual**, across both annual and quarterly fiscal periods. ### Key controls and outputs * **Section tab bar** — move between the six sections; the active one is captured in a shareable link. * **Metric selector** — fuzzy-searchable picker for the metric in Detailed Viewer and Surprises. * **Annual / Quarterly toggle** — switch the period basis (default differs by section). * **Show Chart switch** — show or hide the trend or price-target chart above the table. * **Broker filter** — focus Recent Analyst Estimates on a single firm, with per-broker estimate counts. * **Add to AI Chat / Ctrl+K** — send a table into the AI assistant. **Add to AI Chat** is a button on Detailed Viewer, Surprises, Price Target History, and Firm Rating Revisions; **Ctrl+K** sends a cell selection plus its full table from any section's table. * **Bookmark to Data Room** — save any table to a Data Room folder for later reference. ## Data & sources * **LSEG IBES & Broker Estimates** powers the consensus and broker datasets: the financial estimates (EPS GAAP and Adjusted, Revenue, EBIT, EBITDA, Net Income, COGS, SG\&A, G\&AE, D\&A, NAV, Current Assets, Current Liabilities, Shareholder Equity), the **Historically Weighted Estimate** (LSEG's accuracy-oriented alternative to the simple mean consensus), the price targets (high / mean / median / low), the buy/hold/sell recommendation counts and average rating, the long-term growth estimates, and the individual broker/analyst recommendations and target prices. This is the source named in the on-screen table footnote as "Estimates: LSEG IBES & Broker Estimates." * **Analyst rating-revisions feed** supplies the **Firm Rating Revisions** section — the upgrades, downgrades, initiations, reiterations and maintains. This comes from a separate analyst-ratings data feed, not from LSEG. * **Market price data** supplies the actual historical closing prices overlaid on the **Price Target History** chart, drawn from the platform's market price data. Estimates also sits within the broader Data Viewer data stack — FactSet standardized fundamentals power [Financials & Ratios](/data-viewer/financials) and MSCI ESG powers [ESG](/data-viewer/esg) scoring — so you always know which dataset you're reading. ## Tips & best practices * **Start on Overview, then drill in.** The Overview summary gives you the rating, the analyst count, and the target range in one look; from there open Detailed Viewer or Surprises for the metric you care about. * **Mind the period default.** Detailed Viewer opens on **Annual** and Surprises opens on **Quarterly** — flip the toggle when you want the other basis. * **Watch the Historically Weighted Estimate, not just the Mean.** It's LSEG's accuracy-oriented alternative to the simple Mean, so comparing the two is a useful tie-breaker before earnings. * **Use Surprises to set expectations.** A long run of BEATs (or MISSes) tells you how the company tends to guide and report relative to consensus, which sharpens an earnings preview. * **Read the price-target chart against the dashed price line.** When targets sit well above or below the actual close, the overlay shows whether the sell-side has been ahead of or behind the stock. * **Let the AI read the table.** Use **Add to AI Chat** to ask "is consensus revenue trending up or down for next year?" or "summarize the recent rating changes" against the exact figures on screen. ## Limits & things to know * **History windows are capped per section.** The **Recommendation Trend** chart shows the **last 12 months** (one reading per month); the estimate trend line chart shows the **last 8 fiscal periods**; the **Price Target History** chart shows the **last 12 unique dates**. * **Surprises shows reported periods only.** Periods without a reported actual are not listed. * **Some contributors are masked.** Brokers or analysts whose identities are restricted by upstream data entitlements appear as **"Undisclosed."** * **Estimate values are in millions** unless otherwise noted — EPS and per-share or percentage figures excepted. * **Coverage depends on the company.** The number of contributing brokers and the length of history follow the analyst coverage for that specific ticker, so smaller or less-covered names may be sparse, and some metrics may have no estimates at all. * **Long-term growth lives in one place.** In the live surface, the analyst long-term growth rate appears only as a column inside **Price Target History**; there is no standalone long-term-growth or historical-estimates view. * **Sections respond to the available data.** A section shows a clear message when a company has no estimates, broker, surprise, or rating-change data. ### Availability Estimates is available with normal Data Viewer access — there's no separate per-section entitlement. The only content that varies is data-driven: sections populate based on the company's analyst coverage, and individual broker names may be hidden as "Undisclosed" due to upstream data entitlements. ## Works with other features **Add to AI Chat** pushes the full table (Detailed Viewer, Surprises, Price Target History, or Firm Rating Revisions) into the AI assistant as context. **Ctrl+K** on a cell selection captures the selection and the complete table the same way — and is how **Recent Analyst Estimates** and **Overview** reach the assistant. Either way, you can ask questions or build a workflow on those exact numbers. **Bookmark** any estimates table into a [Data Room](/data-viewer/documents) folder for later reference or to build a report from. Use the consensus, surprises, and rating picture as the forward-looking base for a generated stock research report — the Equities workspace can kick one off for the ticker you're viewing. When you want consensus, surprises, or rating questions answered across a whole peer set or watchlist, take them to a Grid rather than opening each company one at a time. Pair Estimates with [Financials & Ratios](/data-viewer/financials) for reported actuals, [Comps](/data-viewer/comps) for peer comparison, and [ESG](/data-viewer/esg) for sustainability scoring — all on the same company. There's no spreadsheet export on Estimates. Instead, **bookmark** any table to a [Data Room](/data-viewer/documents) folder to keep it, or use **Add to AI Chat** (or **Ctrl+K**) to pull its exact figures into the assistant or a report. ## Example workflow **Goal: build an earnings preview on one stock, then extend the read to its peers and a written deliverable.** 1. Open the ticker in the Data Viewer and go to **Estimates**. The **Overview** gives you the average rating, the buy/hold/sell tally, and the latest target range at a glance. 2. Open **Detailed Viewer**, pick **Revenue**, and read the consensus **Mean** and **Historically Weighted Estimate** for the upcoming periods. Switch the metric to **EPS** to see the GAAP and Adjusted forecasts side by side, and flip to **Quarterly** for the next print. 3. Go to **Surprises** to see whether the company tends to **BEAT or MISS** — a run of beats tells you how conservatively it guides. 4. Open **Price Target History** to judge whether the sell-side has been ahead of or behind the stock, then scan **Recent Analyst Estimates** to find the most bullish and bearish brokers and their targets. 5. Check **Firm Rating Revisions** for any recent upgrades or downgrades that might move sentiment into the print. 6. Press **Add to AI Chat** on the consensus table and ask **Chat**, "Is consensus EPS rising or falling into next quarter, and what's the recent rating trend?" to pull it together against the exact numbers. 7. Build a **Grid** across the stock's peers with consensus revenue, EPS, and rating columns to see how the group is positioned, then generate a **Report** so the earnings preview is grounded in the same estimates. ## FAQ Consensus financial estimates, price targets, recommendation counts, long-term growth, and individual broker estimates are sourced from **LSEG IBES & Broker Estimates**. The **Firm Rating Revisions** (upgrades and downgrades) come from a separate analyst-ratings feed. It is LSEG's accuracy-oriented alternative to the simple **Mean** consensus. It's shown alongside the Mean and the reported **Actual** so you can compare the three. Yes. The **Detailed Viewer** and **Surprises** sections have an Annual / Quarterly toggle. Detailed Viewer opens on Annual; Surprises opens on Quarterly. EPS (GAAP and Adjusted), Revenue, EBIT, EBITDA, Net Income, COGS, SG\&A, G\&AE, D\&A, NAV, Current Assets, Current Liabilities, and Shareholder Equity. Open **Surprises** and pick a metric. The table shows the consensus estimate, the actual, the surprise amount and percentage, and a **BEAT / MISS / MET** flag for each reported period. On a 1-5 scale: **1.5 or lower = Strong Buy**, up to **2.5 = Buy**, up to **3.5 = Hold**, up to **4.5 = Sell**, and **above 4.5 = Strong Sell**. The Overview shows the average rating and a 12-month trend of analyst counts in each bucket. When the upstream data provider's entitlements restrict naming a contributor, that broker and analyst name are masked as **"Undisclosed."** Yes. The **Price Target History** chart overlays the actual closing share price (a dashed line) on the High / Mean / Low target lines over the last 12 dates, so you can judge how targets tracked reality. Yes. Every table can be bookmarked to a **Data Room** folder for later reference, or sent into the AI assistant — via **Add to AI Chat** on Detailed Viewer, Surprises, Price Target History, and Firm Rating Revisions, or by selecting cells and pressing **Ctrl+K** on any table. There is no separate Excel or CSV export on Estimates. Estimates is forward-looking analyst consensus — what the sell-side expects. For the company's actual reported income statement, balance sheet, cash flow, and ratios, use [Financials & Ratios](/data-viewer/financials). ## Getting help For help using Estimates or to talk through an earnings-preview or valuation workflow, reach AllMind support through the in-app support option or your account team. For a guided walkthrough, book a session from the **Help** link in the top navigation.