If your estimates are always 20% under what you achieve every quarter then you are either deliberately underestimating or your CFO is an idiot. If you are deli

If your estimates are always 20% under what you achieve every quarter then you are either deliberately underestimating or your CFO is an idiot. If you are deliberately underestimating to be conservative - so if there is an earthquake in Japan you can still make the expectation, or you do it to produce a headline, it's equally bad for your shareholders. Otherwise why not produce figures saying we might sell nothing next quarter -if an asteroid wipes out all life on earth. Of course it's still a nice position to be in compared to a company lies about making a profit next quarter hoping for a miracle!