Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/stories/2006-08-01/piper-jaffray-ups-blue-nile-to-market-performbusinessweek-business-news-stock-market-and-financial-advice

Markets & Finance

Piper Jaffray Ups Blue Nile to Market Perform


From Standard & Poor's Equity Research

Piper Jaffray upgraded Blue Nile (NILE) to market perform from underperform, noting a solid second quarter.

Analyst Aaron Kessler says the company's strategy of lower prices appears to be working, as it was able to increase its revenue growth while keeping marketing spending under control. He notes that the company increased its revenue and earnings per share (EPS) guidance. He raises his $21.1 million 2006 earnings before interest taxes depreciation and amortization (EBITDA) estimate to $21.5 million, his $241 million revenue estimate to $253 million, his $25.6 million 2007 EBITDA estimate to $27.1 million, and his $280 million revenue estimate to $302 million. He raises his $25 stock price target to $29.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus