Posts Tagged ‘home solutions of america q4 06 earnings’

HSOA – Q4 2006 Earnings

By: ispeculatornew | Date posted: 03.25.2007 (12:00 am)

HSOA – Home Solutions of America (Nasdaq) (Closing Price on Friday 3/23/07 – $4.99)

Home Solutions of America reported disappointing results for Q4 06 on March 16 but they gave decent guidance for next quarter and in the last few weeks they have announced new contracts.

HSOA had earnings of 0.05 per share on revenues of 34.7 million. The lowered numbers were blamed on delays in funding for the Gulf Coast area and on weakness in the housing sector. Fourth quarter results were also impacted by one time charges.

For next quarter they gave guidance of revenues from 35 to 40 million and earnings of 0.09 to 0.11 per diluted share. If they only make 0.09 next quarter it will be an improvement of a penny over the corresponding quarter last year. If you assume they only make 0.09 the next four quarters HSOA will have a forward PE of 14 with Friday’s closing price. That is pretty cheap. (more…)