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Fool UK
Recs
.08 EPS in the first quarter, 0.13 EPS in the second quarter (0.17 inclusive of one-time items), fresh estimates for 0.12 to 0.14 EPS in the third quarter...that gets them over 0.30 EPS before the fourth quarter even begins.
I had previously estimated 0.30 annual EPS would put a reasonable valuation on this one around $8. If they can deliver on estimates in the third quarter and even have a decent fourth, this one is going to continue to roar.
Wow. Nicely timed pick.
.08 1Q, .13 EPS 2Q (.17 with one-time items), .13 EPS 3Q (.17 with one-time items), fresh estimates for .15 to .17 EPS in 4Q.
That puts us around .49 to .51 EPS for 2010 (exclusive of one-time items). We've cleared $8/share, which I thought was a reasonable valuation given .30 EPS for 2010. Given the recent performance and high expectations for Q4, I have to think that $10 is not far away. I think it would still be undervalued at that price.
I bought shares of AXTI at $3.72 on April 23.