BAL 0.00% $13.23 bellamy's australia limited

FY17 eps, page-21

  1. 3,511 Posts.
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    This looks very sus to me. Note in May the analyst dropped their fy17 sales forecast by exactly one 3rd. This dragged the eps average down significantly. This coincided with the rise in short positions in May of 7.5% to its recent high of 11.78%. The analyst increased their sales forecast to coincide with the AGM, thereby increasing the consensus eps, which gave the impression of an earnings upgrade. Then the subsequent short squeeze today.


 
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