SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Eric who wrote (12031)2/2/1998 7:42:00 PM
From: craig crawford  Read Replies (5) | Respond to of 77400
 
Eric, I heard Joe Kernan on CNBC talking about C$CO reporting tomorrow. He mentioned they reported 34 cents in the year ago. I had them listed at 33 cents. They reported 51 pro-forma which equates to 34 cents when you account for the 3 for 2 split. I took the figure off some site that used net income of 49 cents giving a split adjusted 33 cents for the year ago. I have adjusted my table to reflect the more accurate pro-forma figures. Instead of C$CO being forecast to raise their earnings by a not so robust 27.27%, it looks like C$CO is actually on a pro-forma basis forecast to increase EPS only 23.53%. Even worse. It shows that unless C$CO beats the estimate tomorrow they will continue their decline in year over year EPS growth. You also didn't specify "basic" or "diluted" for your earnings guess. CNBC lately has been using whatever seems to fit their needs, sometimes using the "basic" number to say that companies met estimates and sometimes using the "diluted" estimates when a company would have beaten them either way.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Cisco Systems

.................EPS (Pro-forma)..........Year Ago...........EPS increase
Q2 1998........0.42 (est).................0.34.....................23.53%
Q1 1998........0.59.........................0.47.....................25.53%
Q4 1997........0.55.........................0.42.....................30.95%
Q3 1997........0.52.........................0.37.....................40.54%
Q2 1997........0.51.........................0.31......................64.51%



To: Eric who wrote (12031)2/2/1998 8:03:00 PM
From: Dan Good  Read Replies (1) | Respond to of 77400
 
Taking the last two quarters into consideration, I would say the analysts are close with the $0.42 estimate. However, I would welcome $0.44 and think the stock wouldn't correct if that figure was achieved. According to the latest volume w/ price increase, there is sentiment that earnings will be better than expected.