So what: iGate's first-quarter earnings beat was so wide -- adjusted EPS of $0.38 versus the consensus of $0.32 -- that analysts have no choice but to raise their growth expectations on the stock. In fact, profits jumped 35% even as several project delays weighed on revenue and margins, suggesting that the company's earnings power is stronger than Wall Street had thought.
Now what: Don't let today's pop keep you from looking into the stock. "We expect our revenue growth to be back on track over the next couple of quarters creating a back loaded year," forecasted CEO Phaneesh Murthy. More important, with the stock still trading at a cheapish forward P/E of 11, buying into that optimism won't come at a huge 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