Updated Aug 15 at 5:50pm ET.
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Sean Quinn, the company's finance chief, is scheduled to speak at the Midwest Ideas Conference. These appearances are routine ways for management to talk with analysts and potential buyers about the business. While they rarely contain new financial data, they can offer more detail on how the company is integrating its European brands and managing its debt.
Source: Business Wire
Barrington raised its price target from $113 to $121. This move suggests the firm sees more value in the stock than it did before, though it did not change its overall rating. The new target is well above the current price of about $94, reflecting a view that the company's shift into higher-margin custom products is working.
Source: Barrington
Cimpress reported its first-ever quarter with more than $1 billion in revenue, growing 11 percent over last year. While earnings of $0.97 per share were lower than the $1.22 analysts expected, the company is seeing strong demand for its custom printing services. Gross profit grew 8 percent, helped by cost improvements and a small acquisition in its European printing business.
Management is confident enough in this momentum to raise its financial goals for the full year. They are also sticking to their 2028 targets, which rely on using a shared software platform to cut costs across their different brands. For long-term owners, the focus remains on whether this scale can continue to drive faster profit growth even as the company spends to expand its production network in North America.
Source: 8-K filing
Analysts have steadily raised their price targets for the stock following strong quarterly earnings reported in late July. Only 2 of the 9 analysts rate the stock a buy, but the average target suggests 22% upside from today's price.
The company has a choppy track record, missing analyst targets in five of the last eight quarters. This makes it harder to trust short-term forecasts until management proves it can deliver more consistent results.
| Expectation | |
|---|---|
| EPS | $0.60 |
| Revenue | $934M |
