Rodman RODM 10.22.09 fpk EPS Analysis:
This was issued today. Here is synopsis for tomorrow's numbers from fpk.com:
RODM "...3Q09 Results Should Be Strong. Rodman reports 3Q09 earnings before the market open on October 22nd. We expect another strong quarter, following a robust 2Q09, as deal flow remained very healthy, despite what is typically a seasonally soft period. We expect the firm to report revenue of $29.7 million, down 11% sequentially, due entirely to a lower level of principal transactions revenue, and EPS of $0.14, down from $0.44 (operating) in 2Q09. However, note that 2Q09 benefited from unrealized gains of $5.6 million in the firm’s warrant portfolio ($0.15/share of principal transactions gains). In
addition, the firm’s September conference should create a $0.04/share drag on results..."
"The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails." William Arthur Ward