We all know by now Potash (TSE:POT) (NYSE:POT) has a great quarter, but their guidance left shareholders and investors a little disappointed in what the future held for the company.
Even with Potash revising their forecast upwards, it wasn't enough for the consensus of Wall Street analysts who were looking for a higher number.
Potash revised their original earnings forecast from $4.50 to $5.25 a share from $4.00 to $5.00 a share. The Street was looking for $5.52 a share.
Normally this may not have been that big of a deal, but with the economic conditions last year skewing everything, guidance was being looked for this time around more than usual as the best indicator of company performance going forward.
It seemed to take a little confidence away from Potash after their extraordinary quarter. This probably was also a defensive measure as last year they had to readjust their earnings forecast downward a number of times.
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