FSII - The Worst is Over? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FSII - The Worst is Over?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Dancy who wrote (1315)	8/14/1997 12:40:00 AM
From: Donald Wennerstrom	of 2754

I think the magic question now is "What will FSII announce for fourth quarter and yearly FY-97 earnings sometime in October?" AMAT went wild with a 13 percent quarterly positive earnings surprise. How would FSII react with that kind, or higher, earnings surprise? Since 2/27/97 (FY-97 earnings estimate at $0.64), there have been 16 earnings revisions for FY-97. With one or two exceptions, the revisions have all been downward. The last revision was made on 8/8/97. This last revision lowered the estimate by 2 cents for the fourth quarter to a value of 7 cents. With that revision, the FY-97 yearly estimate now stands at $0.21. I think that downward trend during the last 5 1/2 months, more than anything, has really kept the lid on FSII's price. It's hard to make a case for paying more for the stock when every week or two, another downward revision in the earnings estimate is made. If FSII can pull off a meaningful earnings surprise, I think it will do more for the stock price (in percentage terms) than the positive earnings surprise for AMAT today. Don W.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next