% | $
Quotes you view appear here for quick access.

Sapient Corp. Message Board

  • blue3715 blue3715 Mar 12, 1998 9:37 AM Flag


    Was Sapient's earnings estimates for 1Q98 lowered today?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Did you happen to have an eps other than .30?

      It probably came from the analyst at Wheat First who downgraded SAPE to HOLD. However, I could not attain the new number.

      I've not read anything else with the exception of the stock issues from today.

      • 1 Reply to mburcar
      • Obviously people were dumping SAPE before the lowering came out. Pretty Smart folks. Sape actually recovered yesterday AFTER the downgrade to only lose 1/2 point.

        That's pretty impressive. The insider selling (announced today) shouldn't lower the stock value to much. Yes, the stock is valued pretty good right now, but the CEOs have only sold shares once before in the last secondary offering, which only lowered the stock about 1 1/2 points (mainly because the offer price was below the market ask price). The stock may be flat for a week or two but shoul do fine by the next earnings in April. It has beaten all earnings so far.

        Optimistically, I think SAPE will recover it's losses over the next week. Already it is bouncing back from it's low today around 1:30 pm. It's a good buy at 41-42. The next earnings will adjust the PE for 1998 and will lower it a bunch (probably down to lower 80's).