I don't doubt it. Earlier today I got an estimate for the revenue, profit margin, and headcount for a potential supplier of a hardware component to a product I'm working on. It would've taken a couple hours of really tedious work for me to do that with Google translate, a search engine, and various market research sites. The result is I know more what I can expect from that vendor in terms of customization and support.
But those are the kinds of estimates that I can eyeball and be more than 80% certain they are plausible. That won't cut it in a lot of domains.