Market Overview

Wedbush Tweaks Modest Estimates on Fifth & Pacific Companies

Related FNP
Fifth & Pacific Announces Company Name Change, Management Succession
Stocks to Watch for August 9, 2013

According to a research report this morning, Wedbush lowers 2Q estimates on Fifth & Pacific Companies (NYSE: FNP) from 337.9E to 335.87E to better follow management's estimates.

Wedbush explained, “We are fine-tuning the flow of our quarterly estimates to better align with previous management commentary that the “distribution of 2012 EBITDA by quarter will be substantially similar to the 2011 quarterly EBITDA distribution.” As such, we believe our 2Q estimates were too high and our 4Q estimates too low. We have applied a similar cadence as last year to our 2012 quarterly EBITDA estimates and we continue to maintain our full-year revenue, EPS and EBITDA projections.”

FNP closed yesterday at $11.29 as Wedbush maintains its Outperform rating and $16 PT.

Latest Ratings for FNP

Jan 2014Brean CapitalDowngradesBuyHold
Dec 2013Imperial CapitalMaintainsOutperform
Nov 2013Monness Crespi HardtMaintainsBuy

View More Analyst Ratings for FNP
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Reiteration Analyst Ratings


Related Articles (FNP)

View Comments and Join the Discussion!