Q: Peter; SES missed - again- but stock is up slightly. I’ve been trying to convince myself to hold - could I have your thoughts please. Thanks.
Rod
Rod
5i Research Answer:
EPS of 16c missed estimates of 22.4c; Revenue of $2.70B beat estimates of $2.62B. EBITDA of $121M exactly matched estimates. Revenue fell slightly year over year but earnings fell 91%. Guidance was maintained, however. 8% growth is expected this year with near 20% next year. The stock's decline this year (16%) prices in some uncertainty, with valuation now 15X earnings. We could go either way here. We would be OK holding, but might not expect a whole lot in the short term.