Auriga Maintains a 'Hold' on Nutrisystem (NTRI); Cutting Estimates on Continued Promo's
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Price: $42.89 --0%
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga maintains a 'Hold' on Nutrisystem (NASDAQ: NTRI) price target of $11.00.
Analyst, Gary Albanese, said, "With a recent promotional update, Nutrisystem continued its 40% off promotion, which includes 28 free protein shakes. We had anticipated that the company would alter its promotional strategy following the Easter weekend, which typically starts the beginning of beach season for dieters...Given that the 40% off promotion and free shakes are expected to adversely impact 1Q12, the continuation of the promotion may also impact 2Q as well, even if it is only for April. Consequently, we are lowering our F2Q12 estimate to $0.25 from $0.30, and are reducing our FY12 estimate to $0.46 from $0.51. Our F1Q12 estimates remain unchanged. Our revised estimate is now towards the lower end of management's previous $0.45-$0.55 FY12 EPS guidance."
For an analyst ratings summary and ratings history on Nutrisystem click here. For more ratings news on Nutrisystem click here.
Shares of Nutrisystem closed at $10.71 yesterday.
Analyst, Gary Albanese, said, "With a recent promotional update, Nutrisystem continued its 40% off promotion, which includes 28 free protein shakes. We had anticipated that the company would alter its promotional strategy following the Easter weekend, which typically starts the beginning of beach season for dieters...Given that the 40% off promotion and free shakes are expected to adversely impact 1Q12, the continuation of the promotion may also impact 2Q as well, even if it is only for April. Consequently, we are lowering our F2Q12 estimate to $0.25 from $0.30, and are reducing our FY12 estimate to $0.46 from $0.51. Our F1Q12 estimates remain unchanged. Our revised estimate is now towards the lower end of management's previous $0.45-$0.55 FY12 EPS guidance."
For an analyst ratings summary and ratings history on Nutrisystem click here. For more ratings news on Nutrisystem click here.
Shares of Nutrisystem closed at $10.71 yesterday.
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