Oppenheimer Positive on SodaStream (SODA) on Strong Results
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer reiterated their Outperform-rating on SodaStream International (NASDAQ: SODA) following better-than-expected Q2 results on strong and broad-based sales growth.
SodaStream reported Q2 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $103 million versus the consensus estimate of $90.58 million. The Company now expects 2012 revenue to increase approximately 40% over 2011 revenue of $289.0 million, up from its previous guidance of 33%.
We believe SodaStream's better than expected 2Q results, as well as its second upward guidance revision this year, demonstrate continued broad-based operating momentum," commented analyst Joseph Altobello. "Thus, we are maintaining our Outperform rating and DCF-derived $55 target price on the shares, as in our view the company has just scratched the surface of its growth opportunities in the US, which are not fully reflected in the stock."
For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.
Shares of SodaStream International closed at $40.97 yesterday.
SodaStream reported Q2 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $103 million versus the consensus estimate of $90.58 million. The Company now expects 2012 revenue to increase approximately 40% over 2011 revenue of $289.0 million, up from its previous guidance of 33%.
We believe SodaStream's better than expected 2Q results, as well as its second upward guidance revision this year, demonstrate continued broad-based operating momentum," commented analyst Joseph Altobello. "Thus, we are maintaining our Outperform rating and DCF-derived $55 target price on the shares, as in our view the company has just scratched the surface of its growth opportunities in the US, which are not fully reflected in the stock."
For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.
Shares of SodaStream International closed at $40.97 yesterday.
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