RDEN To Meet Or Exceed Expectations
Analysts at SunTrust Robinson Humphrey reiterate their “buy” rating on Elizabeth Arden, Inc (NASDAQ: RDEN). The target price for RDEN is set to $20.
Elizabeth Arden is scheduled to report its 2Q10 results on January 27, after the market closes. The analysts expect RDEN to post revenues of $386.0 million and EPS of $0.72. SunTrust Robinson Humphrey adds, “We expect RDEN to meet, if not exceed, our estimates due to: 1) easier comps vs. the 2008 inventory de-stock at retail and weak holiday season; 2) improved travel retail as recently noted by Estee Lauder; and 3) favorable FX (30% of RDEN’s sales are outside the U.S).”
“We believe there is a strong chance that RDEN will raise its FY10 EPS guidance of $0.55-$0.65 when it reports,” the analysts add.
