Earnings are tonight and I was reviewing the estimate information Yahoo. It really is a joke, if these are the true estimates from analysts. Either they are setting the company up for another fall or they are from outer space, as the estimates are way, way too high. First, consider the fact that, according to Yahoo, the company has missed its eps # for 4 straight quarters by about 66% each quarter!!
Look out at the market, the company's sector and you will see that there is real trouble out there. However, estimates are incredibly high! How can this be? Then notice that over the past week, next year's earnings estimates have risen by 3 cents, from 16 to 19!! Yeah, right. Sure. This company that hasn't posted positive earnings from operations in many years is now expected to earn $0.32 next year by one of the analysts????
Get real. They have to prove they can create a single quarter's worth of earnings before anyone in their right mind would predict such a number. For perspective, the current and next quarter's eps estimates have been coming DOWN, yet some buffoon expects the company to create 32 cents next year??? What planet is this guy from?
As I was righting the above, I thought I'd check another website for earnings estimates to see if maybe Yahoo has been corrupted. NOPE! Estimates at another website have next year's eps # at $0.19 and the high end is for $0.32 per share next year. Either this person is out of their mind or we are going to see EMKR explode up like few could believe possible in past few months.
Anyway...it will be interesting to see what they say later today. The way the stock is selling off the past few days, I would say that the odds are that someone is gaming this earnings release by putting out an insane number like 32 cents per share next year!!! The odds and history are totally against this #!
fwiw
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