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Earnings Analysis: 
Epicor Software Expected Earnings Still Missing Estimate
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:21 AM EDT April 03 2006



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Epicor Software Corp, software company, reported that it expects 2006 earnings to be between 69 cents and 70 cents a share, with revenue between $372 million and $377 million. If the company achieves the abovementioned goals, it will still be missing the analysts’ projections which stand 78 cents a share on revenue of $384 million.

 
Epicor Software, (EPIC: chart), also restated its figures for 2003 through to September 2005 to correct its revenue recognition policies with respect to allocating revenue derived from software licenses and maintenance agreements. Epicor Software added that the restatements negatively affected profit and revenue for those periods, but did not impact the total revenue or profit associated with the contracts in question over the lifetime of the contracts.

Sourcecorp Inc, (SRCP: chart), business process outsourcing company, reported that its Q4 net loss was $1.48 a share, swinging from a net income of 11 cents a share in the year-ago period. The company added that quarterly pro forma per-share income came to 25 cents, compared with 15 cents in the previous year. Revenue for Q4 reached $98 million, up from $92 million in the previous year.

Progressive Gaming International Corp, (PGIC: chart), provider of gaming technology and content, reported that Q4 net loss came to 22 cents a share, reversing from prior year net income of 9 cents a share, missing analyst expectations of a penny a share. Quarterly revenue was $19.2 million, down vs. $26.3 million in the prior year''s period.

Imperial Industries Inc., (IPII: chart), building products company, reported Q4 net earnings of 28 cents a share, up 58% from 19 cents a share in the year-earlier period on 31% revenue growth.

Enesco Group Inc, (ENC: chart), home and garden decorative products supplier, reported that Q4 net loss came to 99 cents a share, up from a net loss of $2.80 a share in the year-ago period despite revenue decline, compared with the same period last year.
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