IHS (IHS) Set to Announce Quarterly Earnings on Thursday
IHS (NYSE:IHS) will be releasing its Q3 2013 earnings data before the market opens on Thursday, September 19th. IHS has set its FY13 guidance at $4.23-4.43 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
IHS (NYSE:IHS) last released its earnings data on Thursday, June 20th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.38. The company had revenue of $418.14 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect IHS to post $4.88 EPS for the current fiscal year and $5.73 EPS for the next fiscal year.
IHS (NYSE:IHS) opened at 113.94 on Wednesday. IHS has a 1-year low of $83.02 and a 1-year high of $117.12. The stock’s 50-day moving average is $110.3 and its 200-day moving average is $106.0. The company has a market cap of $7.495 billion and a price-to-earnings ratio of 47.80.
IHS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of IHS (NYSE:IHS) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They now have a $116.80 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of IHS (NYSE:IHS) from $115.00 to $120.00 in a research note to investors on Wednesday, August 14th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of IHS (NYSE:IHS) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $125.00 price target on the stock, up previously from $105.00.
Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. IHS has an average rating of “Buy” and a consensus target price of $110.85.
IHS Inc (NYSE:IHS) is a source of information and insight in areas, such as energy and power; design and supply chain; defense, risk, and security; environment, health and safety (EHS) and sustainability; country and industry forecasting, and commodities, pricing, and cost.
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