Credit Suisse On Guess: "Growth Stock With A Value Multiple" (GES)
Symbols: GES
Last night, Guess (NYSE: GES) reported 4Q09 EPS of $0.96, which beat consensus estimates by $0.15. According to analysts at Credit Suisse, this was a high quality earnings beat driven by accelerating sales (+14%) and strong gross margins. In their research note, CS analysts wrote that "management's guidance for impressive 8-10% organic revenue growth in 2010 on top of a record sales and earnings year in 2009 should force investors to start realizing Guess (GES) is a true secular and sustainable growth story."
Credit Suisse has an Outperform rating on GES shares, with a target price of $60.00. During today's trading session, the stock has gained 0.32% to $46.83.
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