RE:RE:RE:Expected earningsSo two things. We were both right and we were both wrong. I checked the MD&A. There is ~917 million in tax attributes on a pre-tax basis as of end of Q2 2021. This is down from 1.2 billion from end of Q1 2021. So that means Q3 (this quarter) will be the final one that will have 0 or minimal tax. Q4 will have tax payable - but probably not the full amount of pre-tax income will be subject to tax. I think you also need to consider that Q2 did not have tax. So in your calculation if you decide to normalize the earnings moving forward after Q3 when the company will have taxes to pay, you need to chop 33% off the top there too. So 4.10 + 4.28*.67 = $6.97/ per share normalized. Q3 DOES have tax attributes to use, we might see a higher number for EPS. It really depends on how much of their order book was locked in at lower prices back in Q1 and Q2 for Q3 delivery.
fishcarrier wrote: You're right. I forgot about the taxes. If we even take off 1/3rd of what I suggested as extra income, then 67% of the extra 6.15 = 4.10. Add that to Q2's 4.28 and you get $8.38.
I would be quite happy with that.