Thursday, November 5, 2009

ARC Q3 RESULTS COMPARED TO JOEL'S ESTIMATES

Okay, here are Briefing.com's "brief" comments about ARC's Q3 results:

Market Report -- In Play (ARP)
November 5, 2009 4:21 PM ET

Stocks mentioned in this article
American Reprographics Co (ARP)

All Briefing.com news:
American Reprographics beats by $0.05, beats on revs; reaffirms FY09 EPS guidance Reports Q3 (Sep) earnings of $0.06 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.01; revenues fell 31.6% year/year to $119.4 mln vs the $116 mln consensus, with gross margins at 36.5%. Co reaffirms guidance for FY09, sees EPS of $0.27-0.33 vs. $0.28 consensus.

JOEL'S COMMENTS:

Well, I'm going to say it, of course! My EPS estimate* at $.06 was "spot on".

[* I did say that my estimate(s) excluded one-time charges.] My sales revenue estimate, at $118 mil was only $1.4 mil less than the actual number.

and, JOEL'S QUESTION:

When the stock opens tomorrow morning (Nov 6th), will it be "up" or will it be "down" from the $5.70 closing price on Nov 5th?

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