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Premier Exhibitions Inc. Message Board

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  • tryingtogetthefacts tryingtogetthefacts Aug 12, 2006 10:37 AM Flag

    Roller coaster?

    The latest qtr was a miss at .04/share earnings. How are they going to do .40 for the year unless they pick things up, that is why the stock is down.

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    • If you were trying to get the facts you would know the 1st qtr was NOT a miss.

      The guidance given by the company was just above 40 cents on a PRETAX basis. The 1st qtr was 7 cents pretax before non cash charges which was 3 1/2 times the corresponding qtr from the previous FY. A miss. NOT. The problem is the company did not report the earnings in the same manner they gave guidance nor did they fully explain they would be accruing for taxes in lieu of $5 million in NOLs for FY07. I do blame the company for this.

      The 2nd and 3rd qtrs are likely to be 15 cents pretax or better. By the end of the third qtr, assuming the next round of 4 exhibits kicks off quickly, PRXI will likely have pretax earnings better than 35 cents. The big question is Pier A and when it will open and what expenses will be incurred to dock Titanic permanently in NYC.

      Amigo Mike

    • Their guidance is for $.40 pre-tax. They actually did $.07 pre-tax in Q1 and the $.03 tax expense was non-cash. They also had a $.01 charge for a legal settlement.

      Q2 and Q3 will be in the $.15-$.20 range pre-tax.

      If we use the bottom of the range for Q2 and Q3 plus Q1 that would get them to $.37 before Q4.

      IDM

 
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