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Adjusted
EPS plot
This plot
represents historic normalised EPS and is extended into the
future using brokers' forecasts, where these are available.
It consists of a series of small circles, representing rebased
EPS on the vertical scale, and accounting year-end dates on
the horizontal scale; the circles are joined by theoretical
straight lines, which refer to historic EPS when solid and forecast
EPS when broken.
The process
of getting the EPS plot to fit onto the same scale as the share
price is called 'rebasing', and is separately explained under
its own heading below.
The extension
of the plot into the future is based on the consensus of brokers'
forecasts of the company's future EPS.
Provided
that two specific conditions are met, the forward extension
of the EPS plot should reflect in which direction and at what
rate the share price might be expected to move. These conditions
are, firstly, that the current price-earnings ratio does not
change and, secondly, that current brokers' forecasts are borne
out by actual future results.
Rebasing of the EPS plot
Presentation of low or negative EPS values
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REFS
is available in 3 formats to suit your needs 
Updated daily with data direct from the London
Stock Exchange 
Available
monthly or quarterly on CD
 
Available
monthly or quarterly in two hard-copy volumes
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