Earnings this Q were 34 cents.
Earning the last 4Q are: 0.33, 0.39, 0.39, 0.34.
The stock does not deserve this multple. Stock price will be cut to at least in half from here.
Stocks are bid up for accelerating growth, this one has none or value, this is way over priced,
See you at much lower prices in time.
that is correct... in GAAP terms, SPWR actually net earning in 2008 will be less than that of 2007... for first half of 2008, their EPS is only $0.49... for the whole year is estimated only $1.10, 2008 PE 65... you figure
This is why it is down. Earnings were good, everything was raised. You're spreading misinformation but got lucky on the CY thing.
I suppose it is better to be lucky than good.
SPWR gives GAAP and Non-GAAP EPS. The trend line you gave mixes them which is not correct. For example the results for the last quarter were .39 Non-GAAP and .15 GAAP. This compares to .61 Non-GAAP and .34 GAAP for this quarter. Go back tot he previous quarters and pull out the comparable numbers and you'll see the earnings trend is growing.
Bottom line is Earning on a GAAP basis are not growing. Wall Street does not give a shit about non GAAP numbers. The only people who follow Non GAAP are people who are trying to divert attention from GAAP numbers, IBD and The Wall Street Journal report GAAP. If you stick your head in the sand you will eventually pay the price.