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Ellie Mae, Inc. Message Board

  • busy26795 busy26795 Oct 23, 2012 10:34 AM Flag

    ELLI Emerging Growth Stocks: note that this morning Feltl is nudging up their Q3 estimates above consensus for Ellie Mae (ELLI), citing strength of refinance originations during Q3 -Update

    23-Oct-12 08:45 ET

    GROWX

    Emerging Growth Stocks: note that this morning Feltl is nudging up their Q3 estimates above consensus for Ellie Mae (ELLI), citing strength of refinance originations during Q3 -Update
    ELLI reports October 31.

    23-Oct-12 08:32 ET

    ELLI

    Elli Mae Q3 earnings preview; ests raised at Feltl (23.50 )
    Feltl notes, given the strength of refinance originations during Q3, it's raising its revenue estimate to $25.5 million from $24.1 million to account for higher transaction volumes on Encompass. Forecasting the EPS impact from higher revenue is a bit trickier given the company's plans to boost sales & marketing expense in the quarter, however, firm believes at least a penny of upside is likely and it's raising its Q3 EPS estimate from $0.20 to $0.21. Over the past five quarters, ELLI has announced 4-6k SaaS seat licenses. Generally around three quarters of these licenses transition to active users in the following 3-6 months.

    Sentiment: Strong Buy

 
ELLI
82.78-1.36(-1.62%)Jun 27 4:02 PMEDT