10 Tech Companies With Dropping Earnings Estimates

Earnings Estimates Chart

If you work for a public company and you’re not paying attention to what Wall Street analysts say about your company, you should be — especially around quarterly earnings season. In the days and weeks prior to your company reporting its earnings, these observers typically adjust their earnings estimates, predictions of how your company is expected to perform.

When analysts start to lower earnings estimates, their outlook has become dour and employees and prospective job candidates may want to dig in deep and find out why.

The tech companies listed here, according to Thomson Reuters, had the steepest declines in analysts’ quarterly earnings estimates between October 2 and January 10. Advanced Micro Devices, for one, announced in mid-October plans to lay off 15 percent of its workforce. Additionally, rumors have circulated that another round is in the works for later this month.

Seagate Technology employees may have less to worry about, given that the company earlier this month noted that it expects revenue to be higher than it initially projected and that gross margin will come in above the low end of its range. Seagate is reporting quarterly results on Jan. 28.

Quarterly results are available for any public company, though sometimes private firms will make them available, as well. By the same token, you’d be smart to take a look at some of the IPO darlings that recently went public and are flush with cash and growth prospects. If you’d like to get some details on how to find all these numbers, see the posts here and here.

Comments

  1. BY Fred says:

    Every CEO, from the ten companies above, have stated that they can’f find qualified
    US IT and engineering people to hire. They have signed such proclamations to Obama and
    have demanded many more H1B visas.

    I’m calling bs to each and every one of them.

  2. BY Walt says:

    Ever wonder if there are any poor performing CEO’s in the mix?
    Run the company stock into the mud, make a layoff list, then jump
    ship with a multi-million dollar golden parachute.

  3. BY Wizgod says:

    And you are surprided at this because….

Post a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>