) to outperform from market perform.
Analyst Jeffrey Klinefelter cited growing teen mindshare, strong order backlog, and a diverse product mix with exposure to wear-now apparel provide the company with top-line upside potential. After having just completed his fall 2005 survey tour, he believes Volcom is positioned to benefit from what continues to be a strong "boardsport" trend cycle. He's also encouraged by the company's order backlog, up 42.2% year over year. He believes strong backlog combined with solid sell-throughs at retail could result in upside to 25% to 30% second quarter revenue guidance and maintained his 85 cents 2005, $1.03 2006 earnings per share estimates, and $36 price target.