JTH Holding (TAX) Guides FY13 Revs Above Expectations
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In conjunction with its 2012 Investor Day, JTH Holding, Inc. (Nasdaq: TAX), the parent company of Liberty Tax Service, is introducing its initial fiscal year 2013 earnings outlook. The Company expects net income to be in the range of $20.0 million - $21.5 million, an increase of 15-23% over the prior year. These estimates include the following full-year assumptions, among others:
* Total office growth of 11-13%;
* Total revenues in the range of $131 million - $136 million; and
* Effective tax rate of 38.6%.
The Street sees revs of $130.3 million.
* Total office growth of 11-13%;
* Total revenues in the range of $131 million - $136 million; and
* Effective tax rate of 38.6%.
The Street sees revs of $130.3 million.
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