Hmm, all the longs on the board, t.v. talking heads, and analyst (in notes from articles on Yahoo) would suggest that this is an outstanding quarter and that the guidance is awesome.
I guess Earnings Whisper got it wrong when they forecasted their EPS whisper number of 0.58 cents vs 0.55 cents (actual). And I guess I'm wrong when I get a 5.2% earnings miss, based on the whisper number.
Seems like 36 analyst got it wrong too, when they forecasted much higher guidance:
Next Qtr EPS: 0.57 midpoint (per EBAY) versus 0.68 (analysts est.) or a 17% miss.
FY EPS: 1.97 (EBAY) versus 2.34 (analysts) , or a miss of 16% (both Q and FY based on Yahoo data).
I've got nothing against longs, but I just don't get the math. What am I missing?
Analysts? I am an analyst, you are an analyst and my next door neighbor is an analyst. I've only been doing this for a short time and have already learned most people on these boards know less than I do and analysts are not to be trusted. I know Christmas is coming and I will buy on any dip here. Unless those numbers showed something extraordinary yesterday bad or good they will mean nothing in the next three months. Imo