Benchmark Cuts Price Target on Blue Nile (NILE), No Huge Events in Outlook
Tweet
Share
E-mailGet Alerts NILE Hot Sheet
Price: $0.12 --0%
Rating Summary:
2 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Benchmark is reiterating its Hold rating on shares of Blue Nile (NASDAQ: NILE) as it lowers its price target from $44 to $40.
The company reported its Q1 results roughly inline with expectations as revenue reached $80 million and EPS of $0.16. The firm notes that a 2% y/y decline in Adjusted EBITDA was due to higher shipping costs, increased internal investment and rising diamond prices along with a difficult comparison.
Management released Q2 guidance with revenue coming between $82-$84.5 million and an EPS range of $0.19-$0.21. Both are below the Street's current estimates of $84.6 million and $0.22. The company did not provide full-year 2011
guidance, but stated that revenue was still expected to grow in a double-digit
range.
The firm is lowering its FY11 EPS estimate from $1.10 to $1.00and its FY12 estimate from $1.20 to $1.12.
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $55.79 yesterday.
The company reported its Q1 results roughly inline with expectations as revenue reached $80 million and EPS of $0.16. The firm notes that a 2% y/y decline in Adjusted EBITDA was due to higher shipping costs, increased internal investment and rising diamond prices along with a difficult comparison.
Management released Q2 guidance with revenue coming between $82-$84.5 million and an EPS range of $0.19-$0.21. Both are below the Street's current estimates of $84.6 million and $0.22. The company did not provide full-year 2011
guidance, but stated that revenue was still expected to grow in a double-digit
range.
The firm is lowering its FY11 EPS estimate from $1.10 to $1.00and its FY12 estimate from $1.20 to $1.12.
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $55.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
