I came across this really interesting
chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move from upper left to lower right. Which strikes me as a bad thing. Then, in your head, contrast it with the typical stock chart. If you're having trouble, the basic gist is a move from lower left to upper right -- going up. Is that how it should be? (Consider that last bit to be rhetorical.)
To further
contextualize it for you, Alcoa recently "beat" street estimates by showing EPS of $0.07 this quarter instead of $0.06. But, bear in mind, the forecast has steadily been going down over time. Last year it was $0.30. Last month it was $0.10.
Draw your own conclusions.
