It's not just you: Yes, every firm seems like it's beating expectations.


It's not just you: Yes, every firm seems like it's beating expectations.
Comments (9)
  • H. T. Love
    , contributor
    Comments (18892) | Send Message
     
    I'd like to see a count of top-line beats/misses and averages for those. By sector/industry would be nice too.

     

    What I noticed about reporting so far was that most profits were pure cost-reduction gains. I'm figuring that as the contraction/de-leveraging continues, more cost cuts will be difficult (impossible?) without killing ability to execute.

     

    Then all those profit beats will become misses.

     

    HardToLove
    21 Jul 2009, 06:21 PM Reply Like
  • battman
    , contributor
    Comments (370) | Send Message
     
    Didn't we just go through this whole messing with the numbers and beating estimates scenario that proved to be nothing but made up numbers and outright lies??

     

    I'm glad to see things haven't changed.
    21 Jul 2009, 06:38 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2278) | Send Message
     
    It's easy to beat estimates...just make the estimates crappy -- er, "conservative", like Apple does every time:

     

    www.businessinsider.co...
    21 Jul 2009, 06:39 PM Reply Like
  • Donkey Kong
    , contributor
    Comments (184) | Send Message
     
    Just like grading on a curve - you think your Einstein because you got a 50 on the exam while all your classmates got 40 or less! A less flattering term is the "we suck less" defense. The market is about expectations, but the ABSOLUTE results and comparisons cannot be ignored....
    21 Jul 2009, 06:54 PM Reply Like
  • Rollerball
    , contributor
    Comments (87) | Send Message
     
    Probably writing the insane multiples off as "goodwill".
    21 Jul 2009, 08:45 PM Reply Like
  • Illusional Delusion
    , contributor
    Comments (346) | Send Message
     
    or have access to the printer...
    21 Jul 2009, 10:17 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Well look at the CAT numbers today...they beat estimates...but sales were down a lot...now if they keep doing that for 4 more quarters...they are out of business....but hey...they beat estimates and it was green on this web sight....why do we compare to estimates anyway..and who is estimating...names please...
    21 Jul 2009, 10:32 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    Thats why you will go broke if you believe the financial press or the company press releases (err I mean SEC statements.)

     

    But I do listen because every once in a while a CEO or CFO will say something that most take as minor but is really earth shattering. Thats when you want in or out big time. But you have to listen carefully and put on your deep waders when the questions come.
    21 Jul 2009, 10:38 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18892) | Send Message
     
    In this article, seekingalpha.com/artic...

     

    a snippet of data was provided that I used to calculate some rough numbers. Maybe it provides the indicator we are looking for?

     

    The comment with mt results are here. seekingalpha.com/autho...

     

    HardToLove

     

    On Jul 21 06:21 PM H. T. Love wrote:

     

    > I'd like to see a count of top-line beats/misses and averages for
    > those. By sector/industry would be nice too.
    >
    > What I noticed about reporting so far was that most profits were
    > pure cost-reduction gains. I'm figuring that as the contraction/de-leveraging
    > continues, more cost cuts will be difficult (impossible?) without
    > killing ability to execute.
    >
    > Then all those profit beats will become misses.
    >
    > HardToLove
    30 Jul 2009, 02:13 PM Reply Like
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