Analysts routinely look at a variety of data when they are evaluating the potential performance for a company. If the company misses those estimates by even a penny, it often has a detrimental effect on the company’s stock price.

RIM has forecast that its Q2 2009 profits and sales may fall short of analysts’ expectations. The announcement sent shares in RIM tumbling as much as 5.5% reports Bloomberg. Profits for the quarter ending August 29 will be 94 cents per share to $1.03 per share estimates RIM while analysts predictions average 98 cents per share.

RIM expects to gain up to 4.2 million new customers in Q2, a bit under the 4.2 million expectations from analysts. RIM doesn’t expect the aggressive $99 iPhone price or the Pre to influence its sales for the quarter and says that aggressive promotions form RIM resellers like Verizon will aid sales as well.

[via Bloomberg]