An EPS revision is a change in analysts’ forecast of a company’s earnings per share (EPS). Rising forecasts mean analysts now expect more profit than they did; falling forecasts mean less. Chart in Motion shows how far the forecasts for the next 2 years moved over the past 6 months.
How is the 6-month revision worked out?
Take the consensus forecast (the analysts’ average) of EPS for a fiscal year today, and the one in force 6 months ago.
Revision = (forecast today − forecast 6 months ago) ÷ forecast 6 months ago, as a %.
A made-up example: 6 months ago analysts expected ₹50 a share for FY27. Today they expect ₹54. The revision is (54 − 50) ÷ 50 = +8.0%.
The app divides by the size of the old forecast and ignores its sign. So a forecast loss that shrinks, from −₹2.00 a share to −₹1.00, reads as +50.0%: expectations improved.
Which years does it cover?
The next 2 fiscal years not yet reported. Each gets its own figure and a small line showing how the forecast moved across the 6 months. Green marks a rise and red a fall.
Indian companies are named by the year their fiscal year ends: for a year ending in March, FY27 runs from April 2026 to March 2027. Indian companies whose year ends in December, and companies in other markets, keep the plain year, such as 2026.
Some sources call that same Indian year 2026, after the year it starts in. Check which year a figure means before you compare 2 sources.
When is there no figure?
- Too little history: a revision needs a forecast at least 150 days old to compare with.
- No forecast: there is no forecast for that year, or the old one was zero.
- A split it cannot place: a stock split in the window is not a revision, so forecasts are put on the same share count first. If the split cannot be placed, that year shows no figure.
How should you read it?
- Direction and size: +8% is a clear rise; +0.5% is barely a change.
- Both years: a cut this year with a rise next year can mean profit is delayed rather than lost.
- The line: 1 big step after results differs from a slow, steady drift.
- Against the price: a forward P/E uses these forecasts, so a cut raises it at the same price. See forward vs trailing P/E.
- Few analysts: with 1 or 2 analysts, a single change moves the average a lot.
What are the limits?
- Forecasts are opinions and can be wrong in either direction.
- Revisions often follow results and the share price. On their own, they are not an early warning.
- Different sources can hold different forecasts for the same company.
See it in the app
Open a stock’s Financials panel: EPS Revisions (6M) shows both years with their lines. In a watchlist, the EPS Rev column shows the first of those years, so you can sort a list by it. Both are in every plan: a Free account can open 25 stocks a day, and Pro and Pro+ have no daily limit. More on the features page.