If anyone missed it, Deutsche Bank cut Q3 estimates down to $.13. So consensus is still falling. Sounds like someone does not think they'll make the numbers. Of course, with all these revisions, consensus may not be that meaningful, anymore. Some of the analysts follow this stock more closely than others and update their forecasts quite frequently. Others might be quite old. The spread on the high and low is looking large.
Deutsche Bank maintained their rating (neutral). They observed that the stock had already been pretty thoroughly beaten and that downside risk appeared low. But weakness in stock last few days is probably due to these lowered estimates.
A good report should send the stock flying. But I don't know how to define "good" anymore? More than $.13? $.24? Conference call will be important.
Yahoo indicates consensus estimates currently at $.24, after a series of downward revisions (including a $.05 revision in the last 7 days - hmm...wonder if that was part of Friday's pullback).
Consensus estimates have been pretty close most quarters, so I would speculate that the analysts have either received some downward guidance or are being pretty conservative. I notice that their estimates for next quarter have not declined as much as for this quarter, and the estimates for the year remain in the $1.30-$1.40 range, suggesting we could either see some upside this quarter and/or more downside next quarter if financial conditions don't improve. Aside from pricing pressure in Venezuala, problems in the operating markets are still largely future conjecture at this point. But, of course, the forex problems are quite real.
Hence, I suspect they'll meet the lowered estimates or beat them by a penny.