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DXP Enterprises, Inc. Message Board

  • swerd96 swerd96 Jul 21, 2005 8:15 PM Flag

    Rising EPS through 2005 & 2006

    DXPE will show huge net income (and eps) for "at least" the next 3 quarters (3Q 05', 4Q 05', & 1Q 06').

    Diluted eps:

    Actual & estimated

    1Q 06' - .41

    4Q 05' - .36
    3Q 05' - .31
    2Q 05' - .26
    1Q 05' - .15

    4Q 04' - .12
    3Q 04' - .13
    2Q 04' - .13
    1Q 04' - .12

    As you can see, 2Q 05' eps was a 100% improvement over 2Q 04' (.26 vs. .13)
    *****************************

    I expect to read these "headlines" in the future:

    3Q 05' eps will be a 138% improvement over 3Q 04' (.31 vs. .13)

    4Q 05' eps will be a 200% improvement over 4Q 04' (.36 vs. .12)

    1Q 06' eps will be a 173% improvement over 1Q 05' (.41 vs. .15)
    ******************************

    As you can see, we will be killing the year-over-year quarterly comparisons for "at least" the next 3 quarters. It is during this next 9 months (Jul 05' - Mar 06') period that I would expect DXPE to trade at a trailing PE ratio of 53 (similar to BOOM).

    My 9 month price target is 71.00 ($1.34 * 53 PE).

    At a stock price of 71.00, the PS ratio would be 1.57 (based on 182 mil in revenue & 4.02 mil O/S),

    btw...BOOM's PS ratio = 3.71.
    *******************************

    *** DXPE has shown in the 1Q 05' & 2Q 05' financials, strong customer demand and revenue growth; higher customer selling prices and rising profit margins; strong cash flow and declining debt; and a small float...which in my book...warrants a much higher stock price than 11.88, and a PS ratio of .29. LOL

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