Auriga Maintains a 'Hold' on Nutrisystem (NTRI); Q1 Earnings Preview: Expecting Lackuster Results
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Price: $42.89 --0%
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
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Auriga maintains a 'Hold' on Nutrisystem (NASDAQ: NTRI) price target of $11.00.
Analyst, Gary Albanese, said, "Nutrisystem is scheduled to report its Q1 results next Tuesday, and we are expecting a lackluster quarter given management's guidance from its year-end conference call in early March. We expect the company's aggressive promotions, which have been in place for much of this year, to weigh against its results, as promotional prices and offers likely impacted margins. In addition, the continuation of Nutrisystem's 40th anniversary promotion for a third month into April recently led us to reduce our 2012 EPS estimate by $0.05 to $0.46, as discussed in our April 11 note. We view FY12 as another rebuilding year for Nutrisystem, as the company promotes it brand, new food items, and upcoming retail offering. We ultimately expect Nutrisystem to eventually approach earnings closer to 2010, but that should be beyond this year. However, in the meantime, we do not expect to see any upside catalyst for the next few months which should restrain the company's stock performance."
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 $11.17 yesterday.
Analyst, Gary Albanese, said, "Nutrisystem is scheduled to report its Q1 results next Tuesday, and we are expecting a lackluster quarter given management's guidance from its year-end conference call in early March. We expect the company's aggressive promotions, which have been in place for much of this year, to weigh against its results, as promotional prices and offers likely impacted margins. In addition, the continuation of Nutrisystem's 40th anniversary promotion for a third month into April recently led us to reduce our 2012 EPS estimate by $0.05 to $0.46, as discussed in our April 11 note. We view FY12 as another rebuilding year for Nutrisystem, as the company promotes it brand, new food items, and upcoming retail offering. We ultimately expect Nutrisystem to eventually approach earnings closer to 2010, but that should be beyond this year. However, in the meantime, we do not expect to see any upside catalyst for the next few months which should restrain the company's stock performance."
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 $11.17 yesterday.
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