Morgan Stanley, which also lowered its earnings estimate
for the insurer, said the catastrophe loss estimate was three times what it expected and it now expects AIG to report a break-even third quarter.
While analysts have been cutting their average earnings estimate
for Saudi companies over the past month, after sending it to a two-year high in early May, it remains higher for the year and that may be too optimistic.
Global Banking News-July 26, 2017--India's Federal Bank misses earnings estimate
The investment in Inquiry Financial, which gathers information from sell-side analysts or through analyst research notes, complements strongly Morningstar's earnings estimate
operations and will allow it to grow its global earnings estimate
data coverage, according to the president of Morningstar's Data division, Kunal Kapoor.
No matter how they're defined, if these numbers truly reflect the sentiment of what makes an investor willing to buy a stock, they're more accurate than the earnings estimate
. There's something simply axiomatic about this: If you can determine exactly what is going to make a large group of people want to buy or sell a stock, you can anticipate movements in the stock's price.
The company beat the average earnings estimate
of 38 cents per share from 29 analysts surveyed by Thomson Reuters.
He said cumulative earnings estimate
for Dubai-listed Emaar, one of the Gulf region's largest developers, has been lowered by 27 per cent while estimate for Aldar, Abu Dhabi's top developer, was cut by 8 per cent.
Weinswig's earnings estimate
dropped to 86 cents per share from 93 cents per share.
In a post-meeting research note, Thomas Weisel Partners analyst Skip Carpenter reiterated a peer performance rating on the stock and said his earnings estimates
remain unchanged as the company "did not indicate any divergence from its previous financial guidance for 2003." Weisel raised its share-price target to $13 based on its 2004 earnings estimate
In the latest earnings estimate
on an unconsolidated basis, Shiseido expects a net loss of 22 billion yen, unchanged from the November projection, and a pretax profit of 26 billion yen, a revision from 28 billion yen.
Ted Hu, who lowered his first-quarter earnings estimate
to 4 cents a share from 14 cents on the news of Carson's shortfall, expects the company to bounce back.