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Morningstar EPS growth data

Hi!

I have questions about two timeseries available in QuantConnect, namely:

fine.ValuationRatios.FirstYearEstimatedEPSGrowth 

and 

fine.ValuationRatios.SecondYearEstimatedEPSGrowth

Do those data represents %growth in EPS estimates? According to documentation, we would need to substract 1 to get the actual %growth rate as for instance :

fine.ValuationRatios.SecondYearEstimatedEPSGrowth =(EPS Growth Ratio: (Estimated EPS Year 2) / (Estimated EPS Year 1)

I have difficulties to find any match between those data and data available in other financial data providers (e.g. Bloomberg or Reuters). I know there would be no exact match (Morningstar may have different EPS estimates), but also trend on the largest stocks does not match at all.

 

It would be great if someone could present a raw data and the calculation for AAPL or any other large cap stock (I mean to present Estimated EPS Year 2 and Estimated EPS Year 1 and fine.ValuationRatios.SecondYearEstimatedEPSGrowth value.

Thank you in advane for all help!

 

 

 

 


 
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Hello Janusz,

We have access to FirstYearEstimatedEPSGrowth and SecondYearEstimatedEPSGrowth from Morningstar®, but we don’t know the parameters used to calculate them, like “Estimated EPS Year 1” and “Estimated EPS Year 2”.
According to the equation Morningstar® uses to calculate SecondYearEstimatedEPSGrowth, EPS Growth Ratio: (Estimated EPS Year 2) / (Estimated EPS Year 1), yes the “growth ratio” should be “(Estimated EPS Year 2) / (Estimated EPS Year 1) – 1”.
You may consult Morningstar® if you have any question about the calculation of their data.


Thank you!

Best,
Yuxin Guan

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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