Oppenheimer More Cautious on comScore (SCOR) 2013 Margins
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Price: $5.98 -3.55%
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Oppenheimer maintained an Outperform rating on comScore (NASDAQ: SCOR) and lowered their price target to $19.00 (from $20.00).
Commenting on the comScore's third-quarter results, analyst Jason Helfstein said
"While SCOR reported better than expected 3Q EBITDA on margins, the company lowered its 4Q EBITDA outlook by roughly the same amount. The impact to both quarters reflects mgmt's view that VCE expenses are front-loaded, but the timing of ad execution is less predictable."
Helfstein pointed out that uncertainty among clients is delaying contracts for add-on services such as mobile & carrier analytics.
"As a result, we are more cautious on 2013 margins, and have lowered our estimates and price target," said Helfstein.
For an analyst ratings summary and ratings history on comScore click here. For more ratings news on comScore click here.
Shares of comScore closed at $13.95 yesterday.
Commenting on the comScore's third-quarter results, analyst Jason Helfstein said
"While SCOR reported better than expected 3Q EBITDA on margins, the company lowered its 4Q EBITDA outlook by roughly the same amount. The impact to both quarters reflects mgmt's view that VCE expenses are front-loaded, but the timing of ad execution is less predictable."
Helfstein pointed out that uncertainty among clients is delaying contracts for add-on services such as mobile & carrier analytics.
"As a result, we are more cautious on 2013 margins, and have lowered our estimates and price target," said Helfstein.
For an analyst ratings summary and ratings history on comScore click here. For more ratings news on comScore click here.
Shares of comScore closed at $13.95 yesterday.
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