Janney Montgomery Scott Maintains a 'Buy' on New York & Co (NWY); Positive Reception to Spring Line; Q1 Guidance Implies EPS Above Street
Tweet
Share
E-mailGet Alerts NWY Hot Sheet
Price: $3.50 --0%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Janney Montgomery Scott maintains a 'Buy' on New York & Co (NYSE: NWY) price target of $5.00.
JMS analyst says, "NWY reported a 4Q11 LPS of ($0.18) versus the Street at ($0.16), but we note the consensus would have been ($0.21) excluding an outlier estimate. The results for 4Q11 include non-cash asset impairment charges totaling $2.2 million. For 4Q11, comparable store sales decreased -6.3% versus Retail Metrics' consensus at -5.1% and management guidance of negative mid- to high-single digit. Although the company did not provide specific 1Q12 EPS guidance, guidance given implies EPS well above the Street for 1Q12; the Street is at ($0.15)."
"We are raising our FY12 and FY13 EPS estimates; on a GAAP basis, our FY12 estimate goes to GAAP LPS of ($0.31) from ($0.39) (versus the consensus of ($0.16)); and our FY13 LPS estimate goes to GAAP EPS of $0.07 from $0.03 (versus the consensus of $0.06). We note the 2012 consensus has some outlier estimates. Given the wide range of sell-side FY12 EPS estimates, we choose to begin the year with conservative estimates that we would expect to increase as visibility on the turn improves."
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.49 yesterday.
JMS analyst says, "NWY reported a 4Q11 LPS of ($0.18) versus the Street at ($0.16), but we note the consensus would have been ($0.21) excluding an outlier estimate. The results for 4Q11 include non-cash asset impairment charges totaling $2.2 million. For 4Q11, comparable store sales decreased -6.3% versus Retail Metrics' consensus at -5.1% and management guidance of negative mid- to high-single digit. Although the company did not provide specific 1Q12 EPS guidance, guidance given implies EPS well above the Street for 1Q12; the Street is at ($0.15)."
"We are raising our FY12 and FY13 EPS estimates; on a GAAP basis, our FY12 estimate goes to GAAP LPS of ($0.31) from ($0.39) (versus the consensus of ($0.16)); and our FY13 LPS estimate goes to GAAP EPS of $0.07 from $0.03 (versus the consensus of $0.06). We note the 2012 consensus has some outlier estimates. Given the wide range of sell-side FY12 EPS estimates, we choose to begin the year with conservative estimates that we would expect to increase as visibility on the turn improves."
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Janney Montgomery ScottSign 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!
