MetroPCS Communications, Inc. (PCS)

[bowonwing]

Re: PCS earnings est. Moorman (S&P) has earnings est. for Q4'09 of $0.14 and 2009 $0.53. For 2010 it its $0.60 (note I believe the current 2010 avg. est. on Yahoo is $0.41)!

The only earnings estimates I rely on are from an S&P "Stock Report," (beware S&P has different types of "reports" on stocks) signed and dated by the analyst with a firm target price for the covered stock.

Even with this, you must be very wary. S&P raised PCS to a "Buy" on 7/28/09 when the stock was trading at about $12, and at that time had either an $18 or $16 TP. Today, there is a different S&P analyst, James Moorman, who still has a "Buy" on PCS and a $10 TP.

Do not rely in any way on Yahoo analyst earnings estimates, they are incomplete. Do not rely on Reuters in any way either. JMHO