Answerthink (ANSR) Is Up Over 30% Today; Firm Raises Price Target
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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.
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