Needham & Company Maintains a 'Buy' on Brooks Automation (BRKS); Fine-Tuning Estimates As Guidance Better Than First Feared

Article Stock Quotes (1) Comments (0)

Needham & Company maintains a 'Buy' on Brooks Automation Inc. (NASDAQ: BRKS) price target lowered by $1 to $14.

Analyst, Y. Edwin Mok, said, "BRKS reported better than expected F2Q12 (Mar) results. While F3Q12 (Jun) earnings guidance is below Street’s estimates, revenue growth is better than feared given that all sub-system peers had guided for semicap business to be flat to down sequentially. We believe previously secured design wins are contributing to revenue growth, driving semicap business to outperform. With life science now profitable, we believe BRKS will be able to grow top and bottom-line in the next few quarters even as the semicap cycle is set to weaken in C2H12."

"We lower our FY12 non-GAAP EPS to $0.66 (from $0.71) and FY13 to $0.83 (from $0.99) based on lower revenues and margins."

For an analyst ratings summary and ratings history on Brooks Automation Inc. click here. For more ratings news on Brooks Automation Inc. click here.

Shares of Brooks Automation Inc. closed at $10.67 yesterday, with a 52 week range of $7.40-$12.65.

---

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

• Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
• UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
• Notable HP (HPQ) Bear Speaks, Says 'Recovery Unsustainable'

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Needham & Company, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?