UBS Maintains a 'Neutral' on RadioShack (RSH); Moderating Expectations
Tweet
Share
E-mailGet Alerts RSH Hot Sheet
Price: $9.31 -0.75%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
UBS maintains a 'Neutral' on RadioShack Corp. (NYSE: RSH) price target lowered from $16 to $13.
UBS analyst says, "Based on the recent results from Best Buy (NYSE: BBY) and a host of other cautionary data points on the CE sector, we are lowering our RSH 3Q’11 EPS estimate to $0.35 from our prior forecast of $0.38 (compared to the consensus estimate of $0.38). Our updated 3Q’11 projection is based on a - 6% comp decline and 150 basis points of op. margin erosion. For 2011, our EPS estimate moves to $1.58 (from $1.65) and our 2012 EPS estimate falls to $1.74 (from $1.85)."
For more ratings news on RadioShack Corp. click here and for the rating history of RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $12.16 yesterday.
UBS analyst says, "Based on the recent results from Best Buy (NYSE: BBY) and a host of other cautionary data points on the CE sector, we are lowering our RSH 3Q’11 EPS estimate to $0.35 from our prior forecast of $0.38 (compared to the consensus estimate of $0.38). Our updated 3Q’11 projection is based on a - 6% comp decline and 150 basis points of op. margin erosion. For 2011, our EPS estimate moves to $1.58 (from $1.65) and our 2012 EPS estimate falls to $1.74 (from $1.85)."
For more ratings news on RadioShack Corp. click here and for the rating history of RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $12.16 yesterday.
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
