Loading...
Loading...
In a research report published earlier today, Sterne Agee said that guidance looks light for Dril-Quip Inc.
DRQ despite a strong 4Q.
Sterne Agee commented in the report, “DRQ's solid 4Q operating results will likely be overshadowed by lackluster 1Q and full-year 2012 guidance. We maintain our Neutral rating. DRQ posted 4Q GAAP EPS of $0.70, exceeding our $0.61 estimate (Consensus also $0.61), above management's guidance of $0.53-$0.63 and up from $0.58 in 3Q11. In addition, adjusted for $4.7 million in pre-tax severance, operating earnings would have been around $0.80.”
Sterne Agee maintains its Neutral rating on Dril-Quip, which is currently trading at $71.82.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in