In a report published Friday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating and $70.00 price target on Powell Industries POWL.
In the report, D.A. Davidson noted, “Powell announced it now expects fiscal 2014 earnings to be in a range of $1.25-$1.45 per share or $(0.18)-$0.02 for fiscal Q4 ended in September. Revenue guidance, which also declines, is now $630-$640 million (previously $650-$675 million). Our current published earnings estimate is $0.72 per share; consensus is $0.74. Both our estimate and consensus were at the low end of previous earnings guidance ($0.72-$0.97 per share). Actual Q4 earnings will not be reported until December.”
Powell Industries closed on Thursday at $49.72.
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