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iShares Mortgage Real Estate Capped Message Board

  • laketrack laketrack Mar 4, 2004 4:58 AM Flag

    My guess on earnings

    For the 4th quarter I'll guess that earnings come in somewhere between 55 and 60 cents per share.......or maybe even higher depending on how much dry hole costs were.

    1st quarter 2004 should be a very good result too.....

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    • My estimate is for earnings to be $.33. Anything north of there would be real bullish.

      For first quarter I am estimating $.41

      Look for MHR to pop today after the conference call,

      Good Luck

      • 1 Reply to gckinv_1999
      • Congratulations!!!!!!!!!!!!!!!!!!!!!

        You hit it right on the head!!!!!!!!!!!!!!!

        Looking at the numbers I am really surprised by two items: DDA and Income tax expence.

        DDA for the quarter went from $9.3 million in the quarter last year to over $17 million in the quarter this year - a huge jump. I never expected such a huge increase. The effect on EPS from just this jump was over 27 cents per share.

        Income tax expence was also a huge drag on earnings. Again another huge increase that I did not figure. It went from 455 thousand in the 4th quarter last year to 5.299 million in this year. The impact on EPS from the increase was a little over 17 cents per share.

        Together these two items knocked off over 44 cents per share off the earnings in the quarter. Add them up and EPS would have been around 77 cents per share.........

        Will have to wait and see what the market thinks of the result....

9.83+0.02(+0.20%)Apr 29 4:00 PMEDT