IBI Group Inc T.IBG.DB.E

Change in EPS coming which should give a $19 to $20 price

[Oakboy1110]

Most financial information sites, such as Yahoo Finance and TSX report only basic earnings per share and not adjusted earnings. For IBI these sites are reporting 12 month Trailing EPS at .52 per share which results in a P/E ratio of 25.7. The 52 cents is dragged down by a fourth quarter loss in 2020 of 2 cents which was caused by non recurring items to do with the redemption of the convertibles. If the fourth quarter of 2021 comes in around 20 cents, the annual EPS moves up to 74 cents.  A P/E ratio of 26 would be a market price of $19. The reported P/E for Stantec to 39 and for WSP is 50. Again another indicator that IBI is significantly undervalued compared to its peers.
Looking forward to the March reporting of the annual 2021 results.
Calgaryrider - Do you feel my estimate of 20 cents for the last quarter is reasonable?

[Calgaryrider]

Operationally-speaking, 20 cents is essentially a "normal" quarter now, operationally speaking. I think you're right on. Traditionally, though, IBI has rent / lease adjustments and other fun accounting stuff that usually makes it into the year end report...so although it's always a rock solid quarter operationally (and usually amazing for cash flows - collections / paymets on