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When it last reported earnings, CheckFree forecast pro forma EPS between 40 cents and 42 cents, on revenue of $230 million to $235 million for the December quarter. Analysts polled by Thomson First Call expected pro forma net income of 45 cents a share and revenue of $238.3 million. Since then, the consensus has lowered expectations to 42 cents a share on sales of $232.9 million for the current quarter. Wible said that the $100 million stock buyback should help incremental growth as well. (Citigroup or its affiliates has a net sales short position of 1% or more of stock in CheckFree, and the firm has provided non-investment banking services to the company.) Wible added that CheckFree would benefit from adding another unit to its business, such as money transfer, to help stave off pricing pressure while helping the company increase margins to support EPS growth.
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