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

AXT Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

2.42-0.02(-0.82%)10:17 AMEST