Why would anyone look at normalized
pay attention to what a company actually earned during a quarter, not just an adjustment based on an industry that is always seasonal. If they are normalizing 0.44 cents per share that puts them at 1.76 per share earnings for 2019. Maybe a little hidden information there but that would land them around 485M net earnings for 2019. Truthfully it isn't out of the question and we would be seeing this go back up around 30 dollar share price if that's the case. I'm coming it more conservatively at an estimate of 1.45-1.50 per share or about 400-415M net income.