Oppenheimer Maintains an 'Outperform' on Vipshop Holdings (VIPS); Raising Estimates on Q2 Beat
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Price: $15.72 -2.72%
Rating Summary:
21 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 51
Rating Summary:
21 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 51
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Oppenheimer maintains an 'Outperform' on Vipshop Holdings (NYSE: VIPS) price target of $7.50.
Analyst, Andy Yeung, said, "VIPS reported 2Q12 revenue and non-GAAP earnings of $135M and ($0.08), well above our and consensus estimates. Gross and operating margin further improved y/y and q/q on increased bargaining power with suppliers, greater warehouse utilization, and cost controls. VIPS guided to 3Q12 sales of $145-150M, which was below consensus estimates but still implied a solid 176%-186% y/y increase. More importantly, VIPS continues to show significant operating leverage in its business model and should turn profitable in 2013, if not earlier. We’re revising our 3Q and forward estimates to reflect revised growth assumptions and management’s focus on profitability. Given VIPS's brand, market leadership and potential operating leverage in its business model, we remain bullish on its long-term growth prospects." (FY12 loss lowered from (0.45) to (0.33) and FY13 from (0.65) to (0.56)
For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.
Shares of Vipshop Holdings closed at $5.35 yesterday.
Analyst, Andy Yeung, said, "VIPS reported 2Q12 revenue and non-GAAP earnings of $135M and ($0.08), well above our and consensus estimates. Gross and operating margin further improved y/y and q/q on increased bargaining power with suppliers, greater warehouse utilization, and cost controls. VIPS guided to 3Q12 sales of $145-150M, which was below consensus estimates but still implied a solid 176%-186% y/y increase. More importantly, VIPS continues to show significant operating leverage in its business model and should turn profitable in 2013, if not earlier. We’re revising our 3Q and forward estimates to reflect revised growth assumptions and management’s focus on profitability. Given VIPS's brand, market leadership and potential operating leverage in its business model, we remain bullish on its long-term growth prospects." (FY12 loss lowered from (0.45) to (0.33) and FY13 from (0.65) to (0.56)
For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.
Shares of Vipshop Holdings closed at $5.35 yesterday.
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