Essendant Reports Third Quarter 2016 Results
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Jefferies Cuts Price Target on Essendant (ESND) to $18 Following EPS Miss
October 27, 2016 9:01 AM EDTJefferies maintained a Hold rating on Essendant (NASDAQ: ESND), and cut the price target to $18.00 (from $23.50), following the company's 3Q earnings report. EPS of $0.57 missed the Streets expectations for $0.67. The -55 bps y-y GM% decline was the primary driver of the EPS miss.... More
Essendant (ESND) Misses Q3 EPS by 10c; Cuts FY16 EPS Outlook
October 26, 2016 4:57 PM EDTEssendant (NASDAQ: ESND) reported Q3 EPS of $0.57, $0.10 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.41 billion.
GUIDANCE:
Essendant sees FY2016 EPS of $1.75-$1.90, versus the consensus of $2.24.
For earnings history and earnings-related data on Essendant (ESND) click here.
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