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Technology Stocks : Echelon Corporation (ELON)
ELON 21.88+10.1%Oct 6 5:00 PM EST

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To: IngotWeTrust who wrote (2904)12/1/2001 11:08:59 AM
From: Ted The Technician  Read Replies (1) of 3076
 
Yahoo Earnings Estimates Misleading
I just realized that that Yahoo earnings estimates
are prone to misinterpretation.
biz.yahoo.com

The site has the following table:

This quarter(Dec01) Next Quarter(Mar02)
Current 0.13 0.08
7 days ago 0.02 0.15

My previous interpretation led me to believe that
the estimates are being revised upward for the Dec01
quarter (from 0.02 to 0.13), and downward for
the Mar02 quarter (from 0.15 to 0.08).
I now believe this interpretation to be incorrect.
The proper interpretation should be that the
"next quarter's earnings estimate 7 days ago
of 0.15 (which was the Dec01 quarter) has been
revised downward to 0.13".
This new interpretation of the table leads to a
more negative view of the estimated earnings trend.

The March02 quarter earnings estimate of only 0.08
does not look good when compared to the stock price.
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