Guess Inc.'s first-quarter results beat Wall Street's expectations, with an analyst saying on Wednesday that now is a good time to buy the stock. Late Tuesday the clothing company reported quarterly earnings of 30 cents per share on revenue of $579.3 million. Analysts polled by FactSet expected earnings of 26 cents per share on revenue of $569.8 million. Randal Konik of Jefferies & Co. recommended that investors purchase Guess shares, saying in a client note that the Los Angeles company has a strong balance sheet, robust cash flows, and a ridiculously low stock price. "We believe now is the time to aggressively start accumulating Guess shares as first-quarter results beat, the 2012 outlook was maintained, Europe is not getting any worse and margins are bottoming out," he wrote. Konik kept a "Buy" rating and $50 price target.
Don't be a fool - When you see a trade like that in AH is either a prearranged institutional trade or trade entered late. You can usually tell by an odd number of shares or a 4 decimal-place price like 24.4571 for example.
Yah they are going to raise the #'s because estimates for 2nd quarter were lowered for EPS & revenue! What ever your smoking or drinking, put it down and call you sponser! You fell off the wagon and bumped your head! LOL!