REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Rolling
12 months-ahead EPS
The appearance
of ‘pr’ as a suffix indicates prospective EPS, and in Company
REFS this means that a rolling 12 months-ahead calculation
is performed by apportioning forecast EPS for the current and
following reporting periods.
The example
below illustrates this, and shows 12 months-ahead EPS measured
at 28th February 1997. The company’s next year-end is 30th September
1997, and earnings forecasts are available for the current year
(to September 1997) and following year (to September 1998).
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