Various implementations described herein are directed to estimating stresses and elastic parameters in a formation based on seismic data. In one implementation, wide azimuth seismic data may be used to derive anisotropic elastic parameters. Furthermore, stresses may be calculated using a geomechanical earth model, followed by deriving anisotropic elastic parameters based on the calculated stresses. The anisotropic elastic parameters derived from the wide azimuth seismic data may then be used to modify the geomechanical earth model to improve the prediction of drilling parameters.