You make a logical point.
Kind of nice to see, just for a change of pace.
In my very limited experience, (limited emphasized), I've never heard
a CEO or IR person say "we are going to make xxxx next quarter."
Analysts conference, they call, ask, probe, and like a weatherman,
the make a prediction. IF it was the company stating earnings, why would there be such a divergence in earnings estimates for virtually ALL companies covered by multiple analysts?
AN analyst will predict quarterly earnings 3-18 months or so in the future. The company will NOT refute those numbers until they are
certain. Why? If a company says "you're nuts, we'll be lucky to do half of that.", then they actually make the number, they would have more lawyers on them than buzzards on a gut wagon. They would be accused of depressing the stock to buy it. Same thing the other way. They would be accused of kiting the stock to dump it. As a rule, they
will only agree/disagree with predictions published WELL in advance when they have documentation to back it up.
In short, the company deals in fact. IMO, you want to be mad at someone, go shoot the weatherman...err the analyst.
Doug |
