Another downdate for Barclays consensus earnings figures.
It’s just two weeks since Barclays contacted London-based analysts to tell them that the consensus figure for earnings per share, published on the bank’s website, was on the move. But the bank is already on the phone again.
This time, the EPS figure for 2008 has gone from 58.4p to 53.9p. The outlook for 2009 has moved from 68.4p to 65.1p.
Forecasts from 20 banks go into the consensus number. So an 8 per cent downwards move in the space of two weeks is impressive, especially coming on the back of a 15 per cent reduction. In the interim, of course, Barclays has issued its Q1 trading update, which struck a rather defiant tone, but made no mention of consensus forecasts.
Barclays doesn’t reveal where its consensus numbers have moved from. Luckily we kept a snap of the old lot for posterity.
Bid farewell to this lot:
And welcome in their new, lighter-weight relatives:
Related links
Updating the numbers at Barclays - FT Alphaville
