Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of ATM maker Diebold
So what: Diebold's big fourth-quarter beat -- adjusted EPS of $1.27 versus the consensus of just $0.84 -- suggests that its recent focus on ATM innovation continues to pay off handsomely. In fact, the shares are hitting a new three-year high on the market-thumping results.
Now what: Management now sees full-year 2012 EPS of $2.30-$2.50, which is also ahead of analyst estimates of $2.26. "As we look to 2012, I am encouraged by how our financial self-service business is growing, and we are developing new innovations to help drive further growth," CEO Thomas Swidarski said. Given the stock's now roughly 30% year-to-date return, however, I'd wait for a pullback before buying into that momentum.
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