Jefferies Lifts Numbes on DigitalGlobe (DGI) After Solid Q3
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Price: $34.40 --0%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies boosted its price target on Buy-rated DigitalGlobe (NYSE: DGI) from $24 to $32 following Q3 results.
The firm comments, "DGI reported Q3 EPS of $0.18 vs. $0.02 a year ago and our estimate of $0.15. Revenues were up 31% to $107.2MM. Both Defense & Intelligence and Commercial customers contributed to the growth. We believe we are in the early innings of widespread adoption of imagery based services and products. Customer needs continue to dictate a double-digit revenue growth rate."
The firm raised Q4 EPS from $0.31 to $0.32, FY12 from $0.75 to $0.78 and FY13 from $1.15 to $1.45.
For an analyst ratings summary and ratings history on DigitalGlobe click here. For more ratings news on DigitalGlobe click here.
Shares of DigitalGlobe closed at $25.94 yesterday.
The firm comments, "DGI reported Q3 EPS of $0.18 vs. $0.02 a year ago and our estimate of $0.15. Revenues were up 31% to $107.2MM. Both Defense & Intelligence and Commercial customers contributed to the growth. We believe we are in the early innings of widespread adoption of imagery based services and products. Customer needs continue to dictate a double-digit revenue growth rate."
The firm raised Q4 EPS from $0.31 to $0.32, FY12 from $0.75 to $0.78 and FY13 from $1.15 to $1.45.
For an analyst ratings summary and ratings history on DigitalGlobe click here. For more ratings news on DigitalGlobe click here.
Shares of DigitalGlobe closed at $25.94 yesterday.
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