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Technology Stocks : Scientific Atlanta -SFA- going up ??? -- Ignore unavailable to you. Want to Upgrade?


To: Uluru who wrote (272)6/5/1998 12:34:00 PM
From: Wolf 2  Read Replies (2) | Respond to of 1045
 
Hi, Uluru!

I suspect that all the SFA'ers are just treading water for while. As noted in previous posts, this is a 'show-me' stock so, until all the recent good news is actually reflected in solid EPS numbers or the next 'guru' upgrades or a bolt out of the blue (i.e. takeover rumours, huge new sales contract and the like), we'll probably be trading in a narrow range till August.

4th Q and FY98 earnings are to be announced August 6th. First Call EPS for the 4th Q are $0.25 and for the Fiscal Year $0.86 The consensus estimate for FY99 is currently $1.10

IMHO, the 4th Q est. is a bit light so we may see a surprise on the upside. More interestingly, the First Call estimate for 1st Q 99 is lower than 4th Q 98 ( $0.23 vs. $0.25 )...why that is, I cannot fathom.

Good luck investing,
Wolf