Needham & Company Maintains a 'Buy' on LeapFrog (LF); Raising Estimates After Earnings Jump
Tweet
Share
E-mailGet Alerts LF Hot Sheet
Price: $1.00 --0%
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Needham & Company maintains a 'Buy' on LeapFrog (NYSE: LF) price target raised from $7 to $11.
Analyst, Sean McGowan, said, "LF’s 1Q results were significantly above expectations and guidance. Sales rose 81% YoY to $72 mm vs. consensus of $51 mm and guidance of $48-$52 mm. Growth was mainly fueled by LeapPad, which carried over strong holiday momentum into 1Q. GM improved 11.7 points YoY to 41.3% of sales as a result of leverage and a more favorable sales mix."
"We have raised our 2012 EPS estimate by $0.05, from $0.60 to $0.65, less than the 1Q “beat” as we expect opex for the balance of the year to exceed earlier estimates. More importantly, we now see 2013 EPS of $0.75, up from our prior estimate of $0.65, and 2014 EPS of $0.95, much higher than our prior estimate of $0.60."
For an analyst ratings summary and ratings history on LeapFrog click here. For more ratings news on LeapFrog click here.
Shares of LeapFrog closed at $8.98 yesterday.
Analyst, Sean McGowan, said, "LF’s 1Q results were significantly above expectations and guidance. Sales rose 81% YoY to $72 mm vs. consensus of $51 mm and guidance of $48-$52 mm. Growth was mainly fueled by LeapPad, which carried over strong holiday momentum into 1Q. GM improved 11.7 points YoY to 41.3% of sales as a result of leverage and a more favorable sales mix."
"We have raised our 2012 EPS estimate by $0.05, from $0.60 to $0.65, less than the 1Q “beat” as we expect opex for the balance of the year to exceed earlier estimates. More importantly, we now see 2013 EPS of $0.75, up from our prior estimate of $0.65, and 2014 EPS of $0.95, much higher than our prior estimate of $0.60."
For an analyst ratings summary and ratings history on LeapFrog click here. For more ratings news on LeapFrog click here.
Shares of LeapFrog closed at $8.98 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Zurn Water Solutions (ZWS) Reiterated at Buy by Stifel on New Product Development Momentum
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & Company, EarningsSign 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!
