If they hit the low end of earnings estimates it would be 1.79 for 2003 and 1.90 for 2004. That's a 6% earnings growth. The big growth story just went up in smoke and with a pe of 22 times 2004 earnings there's a whole lot more downside risk.
Hmm, I picked up the 1.5 and 2 figures from marketwatch article - quote
The Santa Barbara, California-based company forecast its 2004 GAAP earnings in the range of $1.90 to $2.00 a share, compared with a projected 2003 GAAP profit of $1.52.
Analysts polled by Reuters Research had expected the company to earn $2.06 a share for 2004. On a GAAP basis, that would be $1.96, which is in line with company estimates, Inamed said on a conference call.