Analysts estimates for 4Q96:
Darren von Behren (ComVest): $10.9M revs $0.18 eps fully taxed
Hans Mosesmann (Needham &Co): $11.1M revs $0.19 eps fully taxed
You know my estimates, $12.1M revs $0.23 eps fully taxed.
What is BMRQ worth? depends on growth rate.
Q,,,Revs
4Q95a,$8.2M
1Q96a,$8.5M +4%
2Q96a,$9.1M +7%
3Q96a,$10.5M +15%
4Q96e $11.0M +5% (average of professional estimates)
Battery Management is taking over the top line. Its growth will cause BMRQ's growth to accellerate.
If the quarterly growth is 7% (conservative) then the annual growth is 31%
If Q growth is 10%, the annual is 46%.
As you know, I think the Q growth will be higher than 10%
In fact, just the backlog at the end of Q3 was $11.6, much more than any of the real analysts estimates. $11.6M for the quarter would make a 10% Q growth
=> 46% annual growth.
If they earn $0.185 (average of professional estimates)then the P/E would be $21.5/(4*0.185)= 29. For a 46% grower.
BMRQ should be in the $30's within a year or earlier.
Yes I'm still holding. Many of my friends have sold some or shorted against the box. Anyway, I don't blame them, its run up quite a bit.
Rex |
