Answerthink (ANSR) Is Up Over 30% Today; Firm Raises Price Target
ANSR Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Answerthink (Nasdaq: ANSR) has skyrocked over 30% today on good earnings news and outlook. Answerthink had an increase of 42% in Hackett Group revenue, well ahead of Boenning & Scattergood's 28% estimate and more than offsetting continued softness in IT (Best Practices) Consulting.
Boenning & Scattergood also said, "The positive revenue mix shift combined with SG&A reductions achieved in early 2007 has set the stage for ANSR to move towards its EBIT target range of 12% to 15%."
Based on trends happening so far, Boenning & Scattergood is raising its estimates and Answerthink's price target to $6.
Answerthink, Inc. (Answerthink) is a business and technology consulting firm. By leveraging the database of The Hackett Group (Hackett), the Company’s business and technology solutions help clients improve performance and maximize returns on technology investments.
Boenning & Scattergood also said, "The positive revenue mix shift combined with SG&A reductions achieved in early 2007 has set the stage for ANSR to move towards its EBIT target range of 12% to 15%."
Based on trends happening so far, Boenning & Scattergood is raising its estimates and Answerthink's price target to $6.
Answerthink, Inc. (Answerthink) is a business and technology consulting firm. By leveraging the database of The Hackett Group (Hackett), the Company’s business and technology solutions help clients improve performance and maximize returns on technology investments.
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