Meredith Whitney Is Still 'The Man' on Goldman Sachs (GS)
Down)
Meredith Whitney got a little bit of a chuckle on Wall Street recently after she slashed her second quarter EPS estimates on Goldman Sachs (NYSE: GS) less than two weeks ahead of the important number.
Well Goldman's number today gives Mrs. Whitney bragging rights...again.
Excluding the SEC settlement fee, the comparable Goldman Sachs (NYSE: GS) EPS number was $1.73 for the second quarter. This was just three cents away from Whitney's $1.70 number, which was ratcheted down from $4.75.
While many call Whitney a "one hit wonder" for her call on the Citigroup (NYSE: C) dividend cut, this 'spot-on' last minute change from Meridith shows why she is the "AX" in the stock.
Now her Q3 EPS estimate of $3.77 (consensus $3.99) and her FY10 EPS estimates of $15.70 (consensus $16.60) are likely that much more accurate... trade accordingly.
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Well Goldman's number today gives Mrs. Whitney bragging rights...again.
Excluding the SEC settlement fee, the comparable Goldman Sachs (NYSE: GS) EPS number was $1.73 for the second quarter. This was just three cents away from Whitney's $1.70 number, which was ratcheted down from $4.75.
While many call Whitney a "one hit wonder" for her call on the Citigroup (NYSE: C) dividend cut, this 'spot-on' last minute change from Meridith shows why she is the "AX" in the stock.
Now her Q3 EPS estimate of $3.77 (consensus $3.99) and her FY10 EPS estimates of $15.70 (consensus $16.60) are likely that much more accurate... trade accordingly.
Market Moving News and Intelligence - Free Sign-Up
http://www.streetinsider.com/premium_content.php
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