Banking, finance, and taxes
Bankrate Earnings Will Be Closely Watched By Traders (RATE, MOVE, TSCM)
Published:
Last Updated:
On Tuesday, we’ll get to see earnings out of Bankrate Inc. (NASDAQ:RATE). The estimates from First Call for the internet-based consumer banking company are $0.39 EPS on $26.84 million in revenues. Estimates for fiscal 2008 are $1.96 EPS on $142.76 million in revenues.
Analysts have an average price target north of $56.00, which is right in line with current share prices. If Friday’s closing prices are any indicator and if the earnings were coming out immediately, it appears that options traders would be pricing in a move of up to $4.00 in either direction.
It will be interesting to see if the company even mentions the new competition coming soon from TheStreet.com (NASDAQ: TSCM) as it pursues its new MainStreet.com push in 2008. We still think it was wiser for the company to partner with Move.com (NASDAQ: MOVE) like it did rather than to acquire it, and this will be the first quarter to reflect any of those efforts.
Bankrate’s 52-week trading range is $32.70 to $56.04 and this one has been doing incredibly well considering its market. In fact, Friday was yet another 52-week high.
Jon C. Ogg
February 3, 2008
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.