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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?


To: Starowl who wrote (4001)10/30/1998 1:07:00 PM
From: Jim Switz  Read Replies (1) | Respond to of 5944
 
Yet more upward earnings revisions.

nasdaq.com

I believe this is the second IBES upward revision to the consensus in the last week. Current-quarter consensus is now 14.1 cents; closing in fast on my personal 15-cent estimate. If both IBES and First Call converge on 15 cents, I'm going to raise my target a penny or so - I'm convinced the company goal is back to the good 'ol days . . . manage expectations properly to exceed them by just a bit.

The high (too high, IMHO) estimate remains at $0.21, but the low is now $0.08 instead of $0.07 (that doesn't necessarily mean a 1-cent increase by that analyst - the $0.07 guy may have gone to 9 or 10 cents, leaving a different guy at the bottom. Does anyone have access to specific "which analyst is saying what" data?).

Future quarters and annual numbers seem to be up a bit too in this latest report. I don't keep written histories on any of these these, so can't say for sure how much they've changed.