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Biotech / Medical : PRXL - Parexel International -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey D who wrote (31)1/29/1999 3:56:00 PM
From: Jeffrey D  Read Replies (1) | Respond to of 62
 
Portion of H&Q analysis of PRXL earnings announcement. Jeff

<<
PRXL 2Q99: Laying Groundwork for Strong Recovery: Reiterate BUY
PAREXEL reported 2Q99 earnings a penny below consensus estimates but generally
in line with expectations. Accordingly, we have trimmed our FY99 earnings
estimates slightly, from $0.98 to $0.93. Our FY00 estimate of $1.22 is
unchanged. In our view, this 3rd consecutive quarter of record new business
awards points to a strong recovery in the latter half of CY1999, with revenue
and EPS growth rates exceeding current management guidance of 25%.
>>