Key Developments For Advisory Board Co
Advisory Board Co (ABCO.O) (Nasdaq)
The Advisory Board Company Reiterates FY 2009 Outlook
The Advisory Board Company reiterated its calendar year 2009 outlook and expects revenue to be within a few percentage points of calendar year 2008 revenue. The Company expects adjusted EBITDA in a range of approximately $27-$33 million and adjusted earnings per diluted share (EPS) in a range of approximately $0.90-$1.20. According to Reuters Estimates, analysts were expecting the Company to report revenues of $231 million for the same period.
The Advisory Board Company Reaffirms FY 2009 Guidance
The Advisory Board Company announced that as previously announced, the Company expects fiscal 2009 revenue to be within a few percentage points of fiscal 2008 revenue, EBITDA, excluding foreign currency gains and losses, in a range of approximately $27-$33 million, and earnings per diluted share (EPS) in a range of approximately $0.90-$1.20. According to Reuters Estimates, analysts were expecting the Company to report revenue of $229.09 million, EBITDA of $30 million and EPS of $1.07 for fiscal 2009.
The Advisory Board Company Reaffirms FY 2009 Calendar Year Guidance
The Advisory Board Company announced that for calendar year 2009, the Company reaffirmed its guidance for revenue, earnings per diluted share, and EBITDA, excluding foreign currency loss. As previously announced, calendar year 2009 revenue is expected to be within a few percentage points of calendar year 2008 revenue and to be evenly distributed to slightly back-weighted on the year. The Company expects EBITDA, excluding foreign currency loss, in a range of approximately $27 million to $33 million, and earnings per diluted share of approximately $0.90 to $1.20. EBITDA and earnings per diluted share are expected to be fairly evenly distributed across the year.
The Advisory Board Company Issues FY 2009 Guidance Below Analysts' Estimates
The Advisory Board Company announced that for fiscal 2009, it anticipate revenue to be relatively flat when compared to calendar year 2008. The Company expect EBITDA in a range of approximately $27-$33 million and earnings per diluted share (EPS) of approximately $0.90 to $1.20. It expect revenue to be evenly distributed to slightly back-weighted on the year, and EBITDA and Earnings per diluted share to be fairly evenly distributed across the year. The Company reported revenues of $230.48 million in calendar year 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $234 million, EBITDA of $38 million and GAAP EPS of $1.42 for fiscal 2009.
The Advisory Board Company Issues Q3 2009 Guidance; Revenue Guidance Slightly Below Analysts' Estimates
The Advisory Board Company announced that for the third quarter of 2009, it expects revenue to be in a range of $59.2-$60.0 million and earnings per diluted share (EPS) to be in a range of $0.36-$0.39. Included in the earnings per diluted share estimates is approximately $0.14 to $0.15 of share-based compensation and related expense for the three months ending December 31, 2008. According to Reuters Estimates, analysts on average are expecting the Company to report EPS of $0.37 on revenues of $60.1 million for the same period.
