Earnings for Q1 seem to be going up. I used to see 0.03, then it was 0.05 or 0.06 and today I see an article saying Zack's has the consensus estimate at 0.14. Wow - when did the consensus creep up to 0.14?
What is going on? Why are analysts increasing their consensus estimates? Have they done new channel checks? Or are they simply feeding off each other and increasing their estimates?
I hope they are not trying to downplay the earnings on June 28. Because, if the consensus was at 0.03 and the actual result was 0.30, that would be 10 times consensus which under normal circumstances should lead to a huge increase in the stock price. But if the consensus is at 0.14, then 0.30 would look like just 2 times. But, luckily, they have just one more day left to mess around with their estimates.
Someone should write an article on this topic and put it on the news wires for everyone to read.
Dr. Count, you are the best addition to this site in a while. But no kisses from me. I've been in since September and one would think I sold at the $17 mark back in late November, but nope. I hung in all the way back down to $12. The account has always in the green but it was greener at $17-18(over100% at that point). So obviously I'm going to continue to hold going in this earnings. Call me a fool or not but I'm hoping to retire on this holding.
My average cost is $15. But, I wasn't at all discouraged when it went down to $13.50 recently. The company's execution in the past 6 months has been simply impeccable and that gives me a lot of confidence.