Austin, TX 3/14/12 (StreetBeat) -- What: Shares of home fragrance specialist Blyth (NYSE: BTH ) surged 14% today after the company's quarterly results and full-year outlook impressed Wall Street.So what: Blyth's fourth-quarter results were so strong -- normalized EPS of $3.74 versus just $2.74 in the year-ago period -- that analysts are being forced to raise their growth expectations yet again. In fact, the shares are busting through their 52-week high on the report and are now up a whopping 135% over the past year.
Now what: Due to solid sales at its nutritional supplement subsidiary ViSalus, management now sees a 39% jump in full-year 2012 earnings. "We are planning for continued strong growth at ViSalus due to the strength of the products and programs that drove the momentum experienced in 2011 and their extensions in 2012," said Chairman and CEO Robert Goergen. Given the stock's recent tear and P/E of more than 50, however, much of that optimism might already be baked into the price.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment