I think you have made a mistake in your Earnings Per Share estimates.
EPS, is calculated by dividing not multiplying. To calculate you divided the company's profit by the number of common stock.
So, according to the company (per their homepage) they estimate a projected revenue of 6,117,000 from three tournaments. After the projected expenses of 4,057,000 leaves them with a net before taxes of 2,060,000. The common shares is 2,000,000. So, not knowing how much they will be paying in taxes let's take those numbers.
2,060,000 before tax revenue
Divided by
2,000,000 common shares
equals
$1.03 cents per share before taxes.
SK |
