ARC Q4 2009 results ... compared to my estimates

Okay, ARC released its Q4 2009 and Full Year 2009 results this afternoon (Feb 23, 2010.)

Let's see how my estimates compared to "reality" (even though reality is something I never claim to be aware of).

In the post I did in late January, I estimated that ARC's Q4 2009 Sales would come in at $113.0 million.
In the earnings release ARC published today (Feb 23rd), ARC's Q4 2009 actual Sales came in at $111.7 million.

In the post I did in late January, I estimated that ARC's EPS for Q4 2009 would come in at $.03 per share.
In the earnings release ARC published today (Feb 23rd), ARC's Q4 2009 actual EPS came in at $.01 per share.

Not bad for a complete amateur "guestimator", huh?

It's my understanding that most of the financial analysts who follow ARC, estimated that ARC's Q4 EPS would be a loss.
Well, surprise, surprise to them; ARC managed to earn a profit in Q4, as I suspected would be the case.

Overall comment: In spite of the most challenging year (2009) the U.S. reprographics industry has faced since the Great Depression, which pulled down ARC's sales 28.5% from 2008, ARC managed to earn a profit in 2009 (adjusted net income of $17.2 million, EPS $.38). That's unbelievable performance, considering the times.