According to JefferiesOur Forth quarter will be profitable and stronger than our third quarter. Yet Consensus Estimate: $0.14 It is puzzling?
No it isn't. They had a strong 4th quarter but they bought a company, and so that purchase would be an ex- item on the earnings, for comparing quarter to quarter and year to year.That's stated specifically in the same documents you pulled your info from.
I got some clarification. Third quarter minus Bache gain was only 10 cents. So the 4th quarter will be better than 10 cents, not 30 cents, as some on this board are expecting.