Bankrate (RATE) Reports In-Line Q2 EPS
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Bankrate (RATE) Posts Surpise 'Beat and Raise' Quarter, RBC Capital Notes
August 5, 2015 7:41 AM EDTRBC Capital analyst Rohit Kulkarni reiterated an Outperform rating on Bankrate (NYSE: RATE) while trimming his price target to $15.00 (from $18.00) following a surprise beat and raise.
The keys to the quarter, according to the analyst: Positives: 1) Finally, reported EPS on a normal schedule. 2) Segment reporting provides lots of transparency regarding underlying core biz trends. 3) Stable performance in Credit Cards segment... More
