Wedbush Raises Estimates on Pool Corp (POOL) Ahead of Q2 Report; Warm Weather Relief
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Price: $194.84 -2.86%
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush maintains a 'Neutral' on Pool Corp (NASDAQ: POOL) price target of $39.00 (from $37.00).
Analyst, John Garrett, said, "Raising our forecast for Q2 EPS to $1.36 (from $1.33) vs. $1.19, with base business growth of +9.0% (from +7.0%) vs. +8.0%; consensus is at EPS of $1.35. We see potential for upside due to warm weather, which we believe is not reflected in Street estimates. However, we believe the recent rise in the stock already reflects the warm weather during Q2, as well as slight improvements in residential real estate markets recently. Although longer-term we believe the stock should continue to move higher due to strong execution and market share gains, we would not expect it to outperform our broad hardlines universe." (Raises FY12 EPS estimate from $1.83 to $1.86)
POOL reports Q2 results on Thursday, July 19,
For an analyst ratings summary and ratings history on Pool Corp click here. For more ratings news on Pool Corp click here.
Shares of Pool Corp closed at $39.33 yesterday.
Analyst, John Garrett, said, "Raising our forecast for Q2 EPS to $1.36 (from $1.33) vs. $1.19, with base business growth of +9.0% (from +7.0%) vs. +8.0%; consensus is at EPS of $1.35. We see potential for upside due to warm weather, which we believe is not reflected in Street estimates. However, we believe the recent rise in the stock already reflects the warm weather during Q2, as well as slight improvements in residential real estate markets recently. Although longer-term we believe the stock should continue to move higher due to strong execution and market share gains, we would not expect it to outperform our broad hardlines universe." (Raises FY12 EPS estimate from $1.83 to $1.86)
POOL reports Q2 results on Thursday, July 19,
For an analyst ratings summary and ratings history on Pool Corp click here. For more ratings news on Pool Corp click here.
Shares of Pool Corp closed at $39.33 yesterday.
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