CCME--Realfast, i appreciate taking the conservative approach so we can be pleasantly rather than unpleasantly surprised when Q4 numbers come in almost 5 mos. from now.
"they raised forecast to between $100 and $104 million for 2010 and they already made $77.8 million therefore the difference is $26.2 million on the high end. Which is .775 basic and .68 fully diluted."
Yet Fernando, Gorilla (Rich), and RyanW all estimated Q3 would be $30M and we've just seen that CCME beat that with a $31.1M net income number. This trio all estimated as best they can from Q2 earnings (and Q3 are better) that Q4 net income would be $34M.
So i'm more inclined to think that Q4 net income will be AT LEAST $34M (maybe $35M+), NOT $26.2M, and if we use the 38.43M shares (the o/s for Q3), given that earnout shares are not to be calculated until Q2 or Q3 2011, then i see Q4 2010 EPS of around 0.90.
