[nobody314159]

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!