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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (50897)4/3/2002 7:03:55 AM
From: Hector  Read Replies (1) | Respond to of 54805
 
Uncle Frank,

<<But the analysts' consensus for FY03 is 2.03>>

You may want to check this week's Forbes piece by David
Dreman on analysts' predictions.

forbes.com

Over 33 years, his study showed they were off by an average of 41% in their near-term forecasts of earnings per share.

If they couldn't get it right for their 3 month forecasts, I don't think I'd put much faith in next year's. Besides, they didn't exactly distinguish themselves over the last couple of years.