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