In what may be its last report as an independent company, digital map czar Navteq
What analysts say:
-
Buy, sell, or waffle? With the company due to be acquired by Nokia
(NYSE:NOK) , only 17 analysts still post ratings on Navteq. Five still have a buy on shares, while 12 say hold. - Revenues. On average, analysts estimate a 36% jump in sales, to $194 million.
- Earnings. Profits are predicted to rise 4% to $0.29 per share.
What management says:
With the Nokia purchase pending, numerous concerns have been voiced about the ongoing availability of maps to Navteq customers, such as potential Nokia competitor and GPS maker Garmin
What management does:
Several nonrecurring items including a stronger euro helped boost Navteq's margins earlier this year, but management has cautioned that the balance of the year might not see similar benefits.
4/06 |
7/06 |
10/06 |
12/06 |
4/07 |
7/07 |
|
---|---|---|---|---|---|---|
Gross |
51.7% |
51.3% |
51.5% |
52.6% |
53.7% |
54% |
Operating |
25.3% |
23.9% |
24.2% |
26.4% |
27.7% |
28% |
Net |
33.1% |
32% |
17.3% |
18.9% |
20% |
20.6% |
One Fool says:
With Nokia's purchase of Navteq expected to go through, there may not be much more of a public story to follow with the company. But with many investors and analysts believing Nokia's $8.1 billion offer was way too much for Navteq, it may be interesting to check back in a year or so and see if the pairing has gone well, or more the way of eBay's
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