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ITT Educational Services Inc. Message Board

  • lesspheus lesspheus Feb 28, 2013 3:41 PM Flag

    2014 EPS?

    Projections that I've seen for ESI show 2014 EPS down around $2.50 and 2015 about the same. I think that that is more important for valuation purposes than 2013 numbers. If EPS is going to drop further, then valuation should not be done on 2013 numbers.

    But if anyone thinks that 2014 numbers will be higher that 2013 numbers, please explain what you think that they'll be and why.

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    • 28% reduction

    • this is a 33% reduction from lowest 2013 estimates of 3.50. I'm not going to go to far into the numbers, but you already know they will lose 10-12% from Op scholarship instead of private loans; partially factored into next year forecast already. Maybe some more loan losses, Then you will have to buy into somewhere at the top of student loss 5% * 2 years. Also you will factor in somewhat stagnant COG, with revenue reduction; despite 50mil reduction; also will assume no growth areas to counter; 2.50 not unreachable though; Still wouldn't be a bad park. PE10 at 20$. needs to get crushed with successful lawsuits, new accounting rules, and industry killing regulation for this to work for short.

 
ESI
0.3580.000(0.00%)Sep 2 4:02 PMEDT