Needham & Company Maintains a 'Hold' on Vistaprint NV (VPRT); Earnings Outlook Below Expectations

Needham & Company maintains a 'Hold' on Vistaprint NV (NASDAQ: VPRT).

Needham analyst says, "While VistaPrint posted strong 3QFY11 results and 4QFY11 revenue guidance was above our and consensus forecasts, EPS guidance for 4Q was meaningfully below and mgmt’s early guidance on FY12 suggests EPS could be below expectations. Given decelerating growth, declining margins, negative earnings est revisions, and valuation, we think the stock could be weak on this earnings outlook. As such, we remain on the sidelines." (Needham raises FY11 EPS estimate from $2.25 to $2.27, but lowers FY12 from $2.72 to $2.55)

For more ratings news on Vistaprint NV click here and for the rating history of Vistaprint NV click here.

Shares of Vistaprint NV closed at $54.30 yesterday.

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