No. of Recommendations: 3
Just in case anybody is interested, the "Current EPS" field in the Value Line data sets seems to be garbage for Apple.
But for apple, the Current EPS field dropped by 25% from $6.17 to $4.60 in the data set from last week and this week, compared to the data set two weeks ago.
This figure doesn't seem to be possible, as it is less than the sum of the quarterly estimates, the firm is doing well, and the estimates for current fiscal and next fiscal years haven't changed.
At the same time the Current EPS field dropped, the trailing EPS figure rose a bit.
Theoretically possible if the forecast for the next quarter plummeted, but there is no reason to think it's true, and the estimate would have to have gone negative.
Unfortunately I don't have an easy way to test the other stocks.
I did a couple of spot checks and didn't immediately see anything fishy, but if someone else can do a spot check or two, much appreciated.
Jim
No. of Recommendations: 3
Just in case anybody is interested, the "Current EPS" field in the Value Line data sets seems to be garbage for Apple.
It seems that VL has all kinds of data issues. A couple of weeks ago I noticed a new stock NTNX showed up in my version of the ROE_Cash2 screen. VL lists it with a Return on Shareholders Equity of 100%+ even though the company is losing money hand over fist. So I decided to add a crap filter to my screen, Current EPS > 0. So now you tell us Current EPS may contain garbage too.
Elan
