May & Baker Nigeria Plc presented its Q3 earnings forecast for the period ended March 31st 2012 to the market today.
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:
1. That May & Baker Nigeria Plc has a 85134% chance of achieving or exceeding its PAT forecast and a 64% chance of delivering on its Turnover projections for the period in view. The impressive PAT of N99.1billion declared against N38.77million forecast in Q3’11 impacted this considerably.
2. This weights fall within the 'most believable' forecast range for quoted companies in the sector.