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AXT Inc. Message Board

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  • dreamerultra dreamerultra Feb 25, 2010 11:46 AM Flag

    One analysts updates

    GGGL I saw that estimate update from our lone analyst. Seems he is really being conservative. Morris called for 4 to 7 cents on the CC. Being that the quarter is 2/3 over Morris should have a pretty good handle on this quarter already. We have been beating handily last 2, and March 09 was a debacle so this should work ok.

    Stock action is really strange the only thing I can come up with is that a lot of day traders came in the last few weeks and really bailed between 3.30 and 3.80. Made a sharp turn up at 3.17.

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    • Well, let's cut him a little slack. AXT made $0.09 in Q4 with no taxes. So give them a nice tax hit of 30+% and the earnings are down to 6 cents. So the question is whether the analyst is taking into account the taxes already or not. Clearly he is being conservative, but then again he is at 5 cents for Q1 and AXT guided 4 to 7 cents. So he is in the middle of the guidance range, still conservative, but not exactly bearish.

      I think AXT can do 40 cents this year (with 0% tax rate). So it will depend on their tax rate what they actually do.

2.74-0.040(-1.44%)Mar 3 4:00 PMEST

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