2009 Q3 Earnings Estimates Revised Down Again

15:18 America/Los_Angeles 23 Aug 2009 1 Comment

With earnings season winding down and the market roariing to new YTD highs the party seems like it will never end. A sobering fact is that with each quarter that has passed the future estimates for earnings keeps going down. You would think with all the recovery talks that companies would have seen improvement on their horizon, but Q3 estimates were again revised down overall. Does anyone take notice of this? You don’t see any reporting on earnings decelerating still. Or maybe companies are finding that the Apple way of earnings estimates is the way to go? Sandbag the estimates then beat them to get everyone’s panties in a twist on CNBC and boom you got a nice rally on your stock price.