Morgan Keegan Gives Ultimate Software Group's 4Q11 Preview
In a research report published today by Morgan Keegan, The Ultimate Software Group, Inc. (NASDAQ: ULTI) is set to report its Q4 earnings on Tuesday, February 7 at the end of the day.
In the report, Morgan Keegan highlighted what it expects for Q4, “We expect Ultimate to post an in-line or better quarter, but we remain concerned that near-term revenue guidance may weigh on the stock as we continue to believe that consensus has created a set of unrealistic 1H12 revenue and EPS estimates; our estimates show more pronounced seasonal trends than the Street. Longer term, we believe ULTI shares will outperform the broader market for several reasons, most of which are company-specific, and are not largely dependent on a significant improvement in the macroeconomic outlook for the U.S. labor markets.”
Morgan Keegan reiterates its $75 PT on The Ultimate Software Group, which closed Friday at $69.35.
