Barclays Maintains an 'Equalweight' on Sonic (SONC); Q3 Preview
Tweet Send to a FriendGet Alerts SONC Hot Sheet
Price: $13.00 -1.52%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Trade SONC Now!
Barclays maintains an 'Equalweight' on Sonic (NASDAQ: SONC) price target of $8.00.
Analyst, Jeffrey A. Bernstein previews SONC's Q3 earnings report, saying he expects EPS of $0.23 along with margins up 75 basis points to 16.5%. (Consensus is $0.22)
On out, Bernstein, said, "We continue to expect high-single-digit EPS growth in F12, before a return to low-double-digit growth in F13... we don't expect F13 guidance in the 3QF12 release. System comps have improved sequentially (on a 2 year basis) over the past 3 quarters, benefiting from continued favorable weather, along with service, product quality and marketing initiatives."
For an analyst ratings summary and ratings history on Sonic click here. For more ratings news on Sonic click here.
Shares of Sonic closed at $8.89 yesterday, with a 52 week range of $6.35-$11.34.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Jeffrey A. Bernstein previews SONC's Q3 earnings report, saying he expects EPS of $0.23 along with margins up 75 basis points to 16.5%. (Consensus is $0.22)
On out, Bernstein, said, "We continue to expect high-single-digit EPS growth in F12, before a return to low-double-digit growth in F13... we don't expect F13 guidance in the 3QF12 release. System comps have improved sequentially (on a 2 year basis) over the past 3 quarters, benefiting from continued favorable weather, along with service, product quality and marketing initiatives."
For an analyst ratings summary and ratings history on Sonic click here. For more ratings news on Sonic click here.
Shares of Sonic closed at $8.89 yesterday, with a 52 week range of $6.35-$11.34.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Bulls and Bears Do Battle in Aeropostale (ARO); Turnaround Intact?
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Barclays, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
