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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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| Author |
Messages |
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Ray Marchand
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| 11/16/2006 4:43 PM |
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Hi,
Please advise how the subject EPS was arrived at. It appears to be lower than Reuters
Ray Marchand
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 11/16/2006 4:59 PM |
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| I'll get back to you with an answer. |
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Joe |
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 12/05/2006 1:39 PM |
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I don't have a great answer for you but ... this appears to be a case where normalization plays a part ... a large part.
For 2003, 2004, 2005 here is what various sources have for EPS:
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2005 |
2004 |
2003 |
| Reuters |
2.678
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2.002
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1.576 |
| BI SDS |
2.39
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2.00
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1.56
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StockCentral/Hemscott |
2.22 |
2.00 |
1.61 |
The description for the normalization process used by Hemscott for the StockCentral data says this about normalizing EPS:
The analysts at our data provider, Hemscott Data, adjust net income as
reported by the company on their Form 10-K or Form 10-Q to calculate
fully-diluted, normalized, Earnings Per Share. This figure includes
income from continuing operations, less any extraordinary gains/losses
or other non-continuing special income or charges. The figure is
calculated using diluted common shares outstanding (adjusted for the
assumed conversion of all potentially dilutive securities, which may
include convertible debentures, warrants, options, convertible
preferred stock, etc.)
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Joe |
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