today TOL downgraded earning. It was like huge bomb to me. my calculation ( if wrong pls let me know):
EBIT FY2011=$436M FY2012 Est=410m -6%: commsec or etrade EST was +16% up---> -22% surprised Reuters said to some analysts -------> -12% surprised what about one-off items -$158m plus depreciation and amortisation of around $285 million
FY2011 EBIT-NPAT=436M-294M=142M EST. FY2012 NPAT=EBIT-ONE OFF INTEMS=410M-158M-285M=-33M EST. FY2012 NPAT pcp redused 111%? gee. Am I right?
TOL Price at posting:
$4.73 Sentiment: Sell Disclosure: Not Held