Barclays Reiterates an 'Overweight' on The Children's Place (PLCE); 1Q 2011 Earnings Review
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Price: $2.49 +2.47%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays reiterates an 'Overweight' on The Children's Place (NASDAQ: PLCE), PT $63.
Barclays analyst says, "PLCE reported 1Q 2011 EPS of $1.10, $0.06 better than our $1.04 estimate and consensus of $1.05. Of the beat, $0.07 was on the operating line due to lower SG&A offset by $0.01 from a higher-than-expected tax rate. Management provided guidance for Q2/11 for a loss of $0.38 to $0.43 based on a negative low-single-digit comp. For FY 2011, PLCE raised the lower end of guidance to $3.10 to $3.25 from $3.05 to $3.25. We are lowering our 2Q 2011 EPS estimate to -$0.37 from -$0.28 and 2011 EPS to $3.33 from $3.39, but we are maintaining 2012 EPS at $4.00."
For more ratings news on The Childrens Place click here and for the rating history of The Childrens Place click here.
Shares of The Childrens Place closed at $54.15 yesterday.
Barclays analyst says, "PLCE reported 1Q 2011 EPS of $1.10, $0.06 better than our $1.04 estimate and consensus of $1.05. Of the beat, $0.07 was on the operating line due to lower SG&A offset by $0.01 from a higher-than-expected tax rate. Management provided guidance for Q2/11 for a loss of $0.38 to $0.43 based on a negative low-single-digit comp. For FY 2011, PLCE raised the lower end of guidance to $3.10 to $3.25 from $3.05 to $3.25. We are lowering our 2Q 2011 EPS estimate to -$0.37 from -$0.28 and 2011 EPS to $3.33 from $3.39, but we are maintaining 2012 EPS at $4.00."
For more ratings news on The Childrens Place click here and for the rating history of The Childrens Place click here.
Shares of The Childrens Place closed at $54.15 yesterday.
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