horsesh%t from......cibc.
concensus eps, before yesterday, was:
$2.38 and $2.64 for 2015 and 2016
cibc estimates before yesterday was:
$2.48 and $2.66 for 2015 and 2016
cibc estimates today, post q3 are:
$2.38 and $2.44 for 2015 and 2016
disappointed cibc just decided to arbitrarily lop off 22 cents of their 2016 eps expectations, after a strong q3.
cibc had issue with the fact management wouldn't comment on fundtech's prior year's results. management said any any comment on last year's fundtech's results would not provide for a good comparison because those those fundtech results were unaudited and not prepared by DH management. I'm not really sure what the issue is here, Fundtech comparisons will be provided quarter over quarter and year over year, when management has had fundtech under their umbrella for another quarter and for another year. I'm not sure why cibc is partially changing their thesis on DH because of unsubstantiated claims made by a website short report. In the meantime DH continues to grow earnings.
lastly, cibc has ebitda and revenues estimates, today, for 2015 and 2016, higher than the estimates were yesterday. price target $38.
Scotia should have their report out by 7am. Interested in seeing their estimates.