Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Ask Bill/DGO & IBD EPS numbers
Date: Mon, 18 Feb 2002 13:55:53 -0600
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Not that it hasn't come up in discussion here on the list already, but just thought it was worth reiterating when viewing the DGO/IBD numbers: Ask Bill O'Neil 02/19/02 Q: Are IBD's EPS Ratings based on GAAP reported earnings or pro-forma? - - Submitted from Vienna, Ala. A: The Earning Per Share (EPS) Rating measures a company's short- and long-term earnings growth rate. The profit figures on which we base the rating are "normalized" earnings per share, which are a type of pro forma results. These don't always conform with Generally Accepted Accounting Principles (GAAP), but they better reflect a company's ongoing operations. Specifically, the after-tax amount of one-time gains and charges, extraordinary items, and other nonrecurring items are backed out of net income by our research staff in order to arrive at a "normalized" figure. Our studies have found that the normalized figure is the most appropriate in analyzing a stock's past earnings growth and its potential going forward. Katherine - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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