RE:RE:RE:RE:B. Riley cuts EPS Q3 forecast down to $0.19I agree. The analyst(s) reasons for cutting estimates would be more useful. To just pick a number wether lower or higher with no reasoning for the change indicates to me that they are either just guessing based on other reporters or don't want you to know what caused them to change their mind.
Any paid analyst should be willing to justify their research ideas .
Noone can always be right but an analyst opinions should be judged on his thought processes not on wether he is closer to being right compared to others . Otherwise they are asking their clients to follow them because they have (secret knowledge or abilities that can't be fact checked).