Strictly: Drilling and oil-field services 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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Dog who wrote (18885)	4/13/1998 2:20:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

Briefing.com's comments on earnings: The earnings game has turned into something of a farce. No longer does it really matter what a company's earnings are, they just have to be beat the consensus estimate, and the stock gets bid up. It often matters little whether the consensus has dropped lower recently or that revenue is soft or earnings down. Just beat that sacrosanct number. That is the way it has been for several years, and it is likely to continue this quarter. Overall earnings for the first quarter will be lower than year ago levels. Even though that should cause concern for a stock market that has surged during that same period and sports a lofty price/earnings ratio of 27+ on the S&P 500, it hasn't yet; and forecasting when it will become a concern is futile. The prospects for strong 1Q earnings reports among the drillers continue to look good. As more attention is brought to the comparative values, I think there is a good chance we will see a rally. Baird

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next