Markets & Finance

USB Piper Hikes Estimates on JDA Software

JDA Software (JDAS) sees first quarter EPS from operations of $0.19-$0.20 due To better-than-expected software license sales and total revenues. USB Piper raised its estimates on JDA.

Analyst Jon Ekoniak tells Standard & Poor's MarketScope that the company's guidance beat his forecast of $56 million in total revenues and $0.14 EPS. He says JDA's performance comes in stark contrast to many of its peers who have pre-released negative results. Ekoniak notes that JDA's broad solution set, a strong performance by its E3 product line, and positive purchasing trends in the retail sector are propelling its revenues to record levels. He raised his $0.80 2002 EPS estimate on $241.1 million in revenues to $0.89 on $250.5 million in revenues. The analyst has a $38 price target on the stock, and reiterates his outperform rating.

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