News Breaks
|
| 10:24 EDT |  | SXE |
| theflyonthewall.com: | Stanley surges on better than expected results, guidance | | Stanley (SXE), which provides IT services for the federal government, reported Q2 EPS of 49c, compared with analysts' consensus estimate of 42c. The company's revenue was also higher than expected. In addition, Stanley provided Q3 EPS guidance of 46c-48c, compared with the consensus of 42c. "Although ongoing delays in the federal procurement process have kept bookings below ideal levels, we anticipate that new awards in the coming quarters will set the foundation for continued top-line growth going forward," said Stanley CEO Phil Nolan. Wells Fargo responded to Stanley's results and guidance by upgrading the stock to Outperform from Market Perform. Wells Fargo noted that Stanley's book-to-bill beat expectations, while the company has gotten off to a good start in its Q3. The firm believes that the company is winning more, high margin contracts. Conversely, Pacific Crest contends that Stanley will not be able to sustain its current EBITDA margins in 2011. The firm is generally concerned about Stanley's margins and revenue, and it maintains an Underperform rating. In mid-morning trading, Stanley advanced $1.88, or 7.29%, to $27.67. :theflyonthewall.com |
|
|
Subscribe for More Information