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UNITEK GLOBAL SERVIC Message Board

  • per_a.jacobsen per_a.jacobsen Apr 2, 2014 10:44 AM Flag

    Zacks gets it right, but publishes bad headline

    All,

    Zacks (which is not, frankly speaking a tier-1 analyst shop) wrote:

    "UniTek Breaks Even in Q4, Posts Loss in 2013

    Shares of UniTek Global Services, Inc. (UNTK) fell around 5% on Mar 31 as the company reported breakeven results for the fourth quarter of 2013 and a loss per share of $2.73 for the full year.

    The fourth-quarter breakeven results, however, compared favorably with the prior-year quarter loss of 13 cents per share as well as the Zacks Consensus Estimate of a loss per share of 16 cents. UniTek Global Services’ loss of $2.73 per share in 2013 was narrower than the loss per share of $4.28 in 2012."

    It is weird how headlines make the the story. To my mind, the headline could just as well has been "Unitek beats consensus, goes from $13 per share loss in 4th quarter 2012 to breakeven in 2013"

    Best,

    pajacobsen

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