Wedbush Maintains an 'Outperform' on Medifast (MED); Mixed Q4; Raising Estimates on Accelerating Outlook
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Price: $11.44 -0.35%
Rating Summary:
4 Buy, 9 Hold, 0 Sell
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush maintains an 'Outperform' on Medifast (NYSE: MED) price target raised from $20 to $23.
Wedbush analyst said, "Q4 revenues in line, but EPS misses on investment in new weight control centers. Q4 revenue increased 10% to $70 million, in line with our estimate. However, EPS of $0.08 was below our $0.16 estimate and the consensus estimate of $0.21, due to costs related to the opening of 10 new weight control centers and higher salaries and benefits related to personnel additions."
"We are raising our 2012 estimate for revenue to $355 million from $333 million and EPS to $1.60 from $1.53."
For an analyst ratings summary and ratings history on Medifast click here. For more ratings news on Medifast click here.
Shares of Medifast closed at $16.70 yesterday.
Wedbush analyst said, "Q4 revenues in line, but EPS misses on investment in new weight control centers. Q4 revenue increased 10% to $70 million, in line with our estimate. However, EPS of $0.08 was below our $0.16 estimate and the consensus estimate of $0.21, due to costs related to the opening of 10 new weight control centers and higher salaries and benefits related to personnel additions."
"We are raising our 2012 estimate for revenue to $355 million from $333 million and EPS to $1.60 from $1.53."
For an analyst ratings summary and ratings history on Medifast click here. For more ratings news on Medifast click here.
Shares of Medifast closed at $16.70 yesterday.
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