Benchmark Maintains a 'Hold' on Vitacost.com (VITC); Growth Likely Improving; Margins Still a Question
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Price: $7.99 --0%
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Benchmark maintains a 'Hold' on Vitacost.com (NASDAQ: VITC) price target raised from $5 to $7.
Benchmark analyst said, "Vitacost is set to report 4Q11 results Thursday before the stock market opens. We estimate Vitacost could record 22% y/y revenue growth to $72 million, with upside potential given an increased advertising push and requirement for a new distribution facility. However, rising internal investment, including an expected personnel build-out, and increased spending on customer acquisition, could hinder margins for a prolonged period." (Benchmark sees Q4 loss of $0.08)
"The strategy of spending for growth appears to have continued unabated...We are raising our 2012 and 2013 revenue forecasts, projecting 16% and 14% growth, respectively...We believe Vitacost may still show a $0.03 loss in 2012 before turning to profitability of $0.15 per share in 2013."
For an analyst ratings summary and ratings history on Vitacost.com click here. For more ratings news on Vitacost.com click here.
Shares of Vitacost.com closed at $8.33 yesterday.
Benchmark analyst said, "Vitacost is set to report 4Q11 results Thursday before the stock market opens. We estimate Vitacost could record 22% y/y revenue growth to $72 million, with upside potential given an increased advertising push and requirement for a new distribution facility. However, rising internal investment, including an expected personnel build-out, and increased spending on customer acquisition, could hinder margins for a prolonged period." (Benchmark sees Q4 loss of $0.08)
"The strategy of spending for growth appears to have continued unabated...We are raising our 2012 and 2013 revenue forecasts, projecting 16% and 14% growth, respectively...We believe Vitacost may still show a $0.03 loss in 2012 before turning to profitability of $0.15 per share in 2013."
For an analyst ratings summary and ratings history on Vitacost.com click here. For more ratings news on Vitacost.com click here.
Shares of Vitacost.com closed at $8.33 yesterday.
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