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Consensus Estimates Formula

Learn how to use and build a Consensus Estimates Formula

Mark Jones avatar
Written by Mark Jones
Updated over a year ago

Use this formula to return consensus estimates data when it is available. You can access consensus data for the following 5 metrics with this formula. Note, consensus data is subject to availability and not reported for all companies or metrics.

  • Revenue

  • EBIT/Operating Income

  • EBITDA

  • Net Income to Common Shareholders

  • Diluted Earnings per Share

You can use the Formula Builder to build a Consensus Estimates formula. Select the Consensus Estimates formula using the toggle at the top of the screen and follow the instructions. There are more details for how to use the Formula Builder in the Formula Builder article.

Tegus consensus data is licensed through Visible Alpha and are not permitted for redistribution. You are not required to be a Visible Alpha customer to access this data from Tegus.

=TEGUS.CE(Ticker, Consensus Metric ID, Period, [Calculation], [Scale])


Ticker (Company)

Identify the company in a Tegus Formula using a ticker assigned to the company. Please use the Tegus Ticker Format when adding a ticker to a Tegus Formula. If you are unsure of the format, the company look-up in the Formula Builder provides a search feature that can be a helpful resource to find the ticker and confirm the company is in coverage.

Tegus Ticker Format: {Ticker Symbol}_{2-Letter Country Code}

Consensus Metric ID (Metric)

Identify the metric you would like to access consensus data for using our consensus estimate codes. You can access a metric in up to four accounting bases. The accounting basis is determined by Visible Alpha and defined by them as follows.

The following metrics and accompanying metric IDs are available to be used in the Consensus Estimates formula.

Metric

Accounting Basis

Metric ID for Tegus Formulas

Revenue

GAAP

CE_REVENUE_GAAP

Revenue

Operating

CE_REVENUE_OPERATING

Revenue

Blended

CE_REVENUE_BLENDED

Revenue

Primary

CE_REVENUE_PRIMARY

EBIT

GAAP

CE_EBIT_GAAP

EBIT

Operating

CE_EBIT_OPERATING

EBIT

Blended

CE_EBIT_BLENDED

EBIT

Primary

CE_EBIT_PRIMARY

EBITDA

GAAP

CE_EBITDA_GAAP

EBITDA

Operating

CE_EBITDA_OPERATING

EBITDA

Blended

CE_EBITDA_BLENDED

EBITDA

Primary

CE_EBITDA_PRIMARY

Net Income to Common Shareholders

GAAP

CE_NI_GAAP

Net Income to Common Shareholders

Operating

CE_NI_OPERATING

Net Income to Common Shareholders

Blended

CE_NI_BLENDED

Net Income to Common Shareholders

Primary

CE_NI_PRIMARY

Diluted EPS

GAAP

CE_EPSDILUTED_GAAP

Diluted EPS

Operating

CE_EPSDILUTED_OPERATING

Diluted EPS

Blended

CE_EPSDILUTED_BLENDED

Diluted EPS

Primary

CE_EPSDILUTED_PRIMARY

We cannot guarantee Tegus historical data will be perfectly comparable to consensus data. If you have any questions about data comparability please reach out to [email protected].

Period

You can use company-reported, relative, and calendar period formats in your Tegus Formulas. The Formula Builder can help you understand the available periods and make sure formatting is correct. You can only access data from forecast periods using the Consensus Estimates Formula, previous estimates are not provided at this time.

Optional Arguments

The following are not required to build a Consensus Estimates formula but may be included to refine the output.

Calculation (NTM)

The calculation option allows you to access next twelve months (NTM) data for certain metrics. NTM data will be calculated from the period you define in the period argument. To grab the most recent NTM, use “MRQ+1” as the period in your formula. You can use “NTM+1” to grab NTM data starting from 12 months in the future.

Not all metrics will have NTM available. It is subject to data availability and eligibility. NTM is calculated by Tegus based on individual period estimates and not directly provided as an aggregate NTM estimate.

Scale

Data returned via the Company Data Formula can be scaled by entering the factor you would like to scale it to as the fifth argument. Example:

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