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Technology Stocks : Jabil Circuit (JBL)
JBL 214.07+0.9%Dec 3 3:59 PM EST

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To: riposte who wrote (3513)3/31/1998 6:52:00 PM
From: Wrig  Read Replies (1) of 6317
 
This is a copy of my post at Yahoo. Would appreciate any response:

*************************

I got this info from Waterhouse Securities:

Annual earnings are currently at $1.86:
3Q '97 -- $0.38
4Q '97 -- $0.47
1Q '98 -- $0.49
2Q '98 -- $0.52

When 3Q comes out (if at 45 cents as predicted vs year-ago 38) then EPS will be $1.93. That's 3.8% above current EPS.

When 4Q comes out (if at 46 cents as predicted vs year-ago 47) then EPS will drop to $1.92.

After 1Q of '99 (if they meet estimates of 51 cents) then annual EPS will be at $1.94.

After 2Q of '99 (if they meet estimates of 56 cents) then EPS will be at $1.98. That's a 6.5% increase over the current EPS in the next 4 quarters.

I hadn't actually looked at the specific numbers until now. The big growth for fiscal '99 (that will help them achieve the 30% growth predicted) isn't until the last two quarters of Fiscal 1999, which means not for another full year.

Now the drop makes a little more sense. Of course, look at all the tech stocks that have negative earnings and don't predict to be positive for awhile. They seem to be holding up fine.
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