There is a childish game that analysts play that drives me absolutely nuts. These days when an analyst is bullish on a stock he will put a low ball earnings estimate on the stock so that the company beats it. A bearish analyst will put out high numbers so that the company misses the number. It is often the case that the most bullish analyst has the lowest estimate and the most bearish analyst has the highest estimate.
Sell side research has been under attack for the past decade and this earnings estimate game is not helping them. It is not deserving of kindergarten and makes analysts look like baboons. Whatever ounce of professionalism they may have had left is going out the window. Instead of making profitable analysis they have taken to childish games.