I wonder how much this has to do with companies sandbagging their expectations now. Apple under Steve Jobs started the trend but it has spread across all industries. It's quite common now for company's investor relations departments to call/pressure sell-side analysts to reduce their quarterly estimates. Hence making it easier to "beat" consensus estimates.
I wonder how much this has to do with companies sandbagging their expectations now. Apple under Steve Jobs started the trend but it has spread across all industries. It's quite common now for company's investor relations departments to call/pressure sell-side analysts to reduce their quarterly estimates. Hence making it easier to "beat" consensus estimates.
Oh that’s been going on for years…