IHS (NYSE: IHS) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.23-4.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.34, Analyst Ratings.Net reports. The company issued revenue guidance of $1.66-1.73 billion, compared to the consensus revenue estimate of $1.68 billion.
A number of research firms have also recently commented on IHS. Analysts at Zacks downgraded shares of IHS to a neutral rating in a research note to investors on Wednesday, June 5th. They now have a $111.50 price target on the stock. On a related note, analysts at SunTrust initiated coverage on shares of IHS in a research note to investors on Friday, May 31st. They set a neutral rating and a $112.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of IHS in a research note to investors on Wednesday, May 22nd. They set an outperform rating on the stock.
Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $106.94.
IHS (NYSE: IHS) last announced its earnings results on Thursday, March 21st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.01. The company had revenue of $383.00 million for the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. IHS has set its FY13 guidance at $4.23-4.43 EPS. Analysts expect that IHS will post $4.35 EPS for the current fiscal year.
IHS Inc. (NYSE: IHS) is the source of critical information and insight in areas, such as energy, product lifecycle, security and environment.
