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Prosperity Bancshares Inc. Message Board

  • poorboy7 poorboy7 Oct 17, 1998 10:16 AM Flag

    Expectations

    Any thoughts on if they'll meet analyst expectations on earnings?

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    • 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.

      http://biz.yahoo.com/rf/981021/blf.html

    • 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.

      FWIW (i.e., ~.02)
      j

 
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