We here at Running of the Bulls pay some attention to analysts' forecasts for company earnings, but not a whole lot because forecasting is less of an exact science than handicapping football games and predicting the weather. Via Paul Kedrosky, the green line is analysts' forecasts of future earnings while the blue line is actual earnings.
Kewl! Sell when actual exceeds forecast. Well done, Toro. Problem solved.
Posted by: psychodave | May 19, 2010 at 07:23 AM
isn't this because there are "non-recurring" charges which seem to happen every quarter which aren't accounted for in analyst earnings estimates?
Posted by: brian | May 19, 2010 at 11:46 AM