Yes, the TTM (trailing tweleve month) EPS number is simply the sum of the last 4 Q's reported EPSs.

Each new Q's EPS replaces the Q EPS from 1 year before, and then the new TTM is summed.

4Qs ago = .02

3Qs  ago  = .03

2Qs  ago = -.01

1Q ago = .01

The EPS reported in April will replace .02 EPS from a year ago. It shouldn't be hard to beat .02 from a year ago. So our TTM EPS should improve.

Note what would happen if we don't see improvements in EPS in the next 3 Q reports. The TTM calculation we'll loose the higher EPS Q's (.02 then .03) and progressively have only the lower EPS numbers (.01 -.01 baggage) in the TTM calculation:

Current TTM EPS = .01 - .01 + .03 + .02  =  .05

With April 08      =  .01 - .01 + .03 + April  =  .03 + April

With August 08 =  .01 - .01 + April + Aug  =  0 + April + Aug