Especially when they say things to date this year are better than last year and they feel comfortable where they are right now. I'm not sure how that translates into a loss for Q1 2014 either. Last year, they:
Guided Q1 to -$.12. Turned in $.03.
Guided Q2 to -$1.10. Turned in -$.85.
Guided Q3 to $.70. Turned in $.95
Guided Q4 to $3.60-3.67. Turned in $4.04.
I'd be upset if I was an analyst trying to model things based on what they say as well.
The full year for 2014, using their conservative guidance, is going to be up 8%. Last year they said 2013 would be up 5% and it was up 21%.
But some of those original guidances were take down of the forecasts. Because they originally guided to $3.62 and came in at $4.18. Of course, about 17 cents of that difference was due to the tax rate. So take that for what it is worth.
Total Sandbag and I would be upset too if I was an analyst. Look at the reviews on Nordstroms and zappos/amazon that date back to Jan 2014. Hundreds of reviews and they are posting a loss.... Management is hilarious.