D.A. Davidson & Co. Expects Rebound to Happen for Powell Industries

by Benzinga Staff
August 6, 2014 9:30 AM | 26 seconds read | Make a Comment

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In a report published Wednesday, D.A. Davidson & Co. analyst Brent Thielman reiterated a Buy rating and $80.00 price target on

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Powell Industries (NASDAQ: POWL).In the report, D.A. Davidson & Co. noted, “Powell Industries reported Q3 earnings from continuing operations of $0.24 per share compared to $0.76 last year. This was well below our estimate and consensus of $0.89 and $0.77 per share, respectively. Schedule changes and Canadian operational inefficiencies were primary drivers of lower revenue and earnings in the quarter.”Powell Industries closed on Tuesday at $55.48.
Posted In: Analyst ColorReiterationAnalyst RatingsBrent ThielmanD.A. Davidson & Co.

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