Here’s one you don’t see every day: Google telling Wall Street analysts that their estimates are too high.

Google issued the heads up this morning, via a blog post on its investor relations page, ahead of Q4 earnings on Tuesday.

The gist: Google is selling off its Motorola set top box unit — its “Home business”, so it’s not going to include numbers from that group in its main report.

But apparently the Street hasn’t figured that one out. “As of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates,” writes chief accountant Brent Callinicos.

In real world terms, Google is telling the Street that its Q4 net revenue will be about $1 billion less than $12.4 billion they are expecting, and that their consensus EPS of $10.58 is about 40 cents too high as well.

Perhaps it’s not a coincidence that J.P. Morgan’s Doug Anmuth put out new estimates last night that don’t include the set top box group. Here’s what those look like (the new numbers also include a few tweaks Anmuth made regarding the rest of Google’s operations as well):

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