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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Dec 5 9:30 AM EST
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To: Vanni Resta who wrote (8351)1/16/1998 5:29:00 PM
From: Dennis G.  Read Replies (2) of 13925
 
Vanni, thanks for finally posting some numbers but they make no sense to me.

CREAF has already earned 55 cents this fiscal year plus a one time gain of 19 cents. They are expected to earn 77 cents this quarter and the company has told everyone calling, including myself, that they are "comfortable" meeting this esimate. Let's give them the benefit of the doubt and say they do so. That means they will have earned 1.32 for the first two quarters and 1.51 total.

Zacks still shows only 8 analysts covering CREAF with a consensus of 2.53 for this year and 2.86 next. So they are saying that CREAF will earn about 60 cents each over the next two quarters, which is right in line with next quarter's estimate and everything I've seen. Is Zacks out of date already?

If somehow the consensus has suddenly dropped to 1.80 for 98 (and Zacks has somehow missed this), then these analysts would be saying that CREAF is only going to earn about 25 cents the next two quarters. Do you really believe this?

Then you say that FY99 is supposed to be 1.94 or about 50 cents a quarter, which is twice what they would be claiming for the last two quarters of 98. So what is it that's supposed to crush their earnings for the next two quarters and then what is it that's going to bring about this rapid rebound? Any clues? It's sure mysterious to me.

Dennis
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