Here's some information I had yesterday. I decided not to post it
until after today's open, because I didn't want to cause anyone any
additional grief after-hours in case it was a non-event (which it now
seems to be).
According to a First Call report time stamped 4:28PM, The other
analysts covering TDFX have also lowered their estimates, pretty much
in line with the Montgomery numbers. I don't know whether the
original reports were issued before or after close yesterday and
therefore whether they might have already had their effect (if any,
at this point) on the market.
New numbers (again, as of 4:28, 6/18):
Q2 Q3 Q4 FY
0.48 0.47 0.50 1.85 RA-RS
0.49 0.50 0.58 1.97 DLJ
0.47 0.41 0.47 1.75 MONT
---------------------- ---------
0.46 0.46 0.51 1.85 Consensus
(Note that FahneStock has disappeared off this First Call report. I
don't know why.)
I'm somewhat undecided as to whether this is GOOD or BAD news. On
one hand, the lowering of estimates has driven the stock price down,
which we've already felt the effects of. On the other, lower
estimates should be easier to beat. Also, if the estimates are
beaten by a wide margin again, the analysts will be forced to again
raise FY estimates, which would likely bring the price up again.
Thoughts?
Piranha |
