Jefferies Says Despite Sell-Off Shutterfly (SFLY) Had a Solid Q3; Maintain Buy
Get Alerts SFLY Hot Sheet
Price: $50.97 --0%
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Jefferies is sticking with their Buy rating and $65 price target on Shutterfly Inc. (NASDAQ: SFLY) following Q3 results after the close.
While shares were down on the lack of a meaningful beat/raise, the firm is maintaining their rating to reflect: a) Shutterfly's sound fundamentals and market leading position in rapidly growing consumer online print, b) mgt's focus on execution/cost discipline, and c) potential upside from cross-sell between Tiny Print and SFLY, and from margin improvement in Q4/FY12."
Q4 EPS estimates go down from $1.11 to $1.01, FY11 up from $0.44 to $0.47, FY12 down from $0.95 to $0.93.
For more ratings news on Shutterfly Inc. click here and for the rating history of Shutterfly Inc. click here.
Shares of Shutterfly Inc. closed at $46.63 yesterday.
While shares were down on the lack of a meaningful beat/raise, the firm is maintaining their rating to reflect: a) Shutterfly's sound fundamentals and market leading position in rapidly growing consumer online print, b) mgt's focus on execution/cost discipline, and c) potential upside from cross-sell between Tiny Print and SFLY, and from margin improvement in Q4/FY12."
Q4 EPS estimates go down from $1.11 to $1.01, FY11 up from $0.44 to $0.47, FY12 down from $0.95 to $0.93.
For more ratings news on Shutterfly Inc. click here and for the rating history of Shutterfly Inc. click here.
Shares of Shutterfly Inc. closed at $46.63 yesterday.
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