Coverage of the shares of this software company was recently initiated at William Blair with an ‘Outperform’ rating. Zacks also rates the company a ‘Strong Buy’, based on earnings growth, upwardly revised estimates, and its healthy asset utilization ratio (sales/total assets).
Perficient, Inc. (PRFT)
From Upside
Wall Street is increasingly bullish on Perficient Inc.’s (PRFT) profit-growth prospects. The consensus estimate anticipates 27% higher per-share earnings in the September quarter and 26%
growth in 2019. Estimates are rising, thanks to a run of strong quarters. Aided by market-share gains and contributions from acquisitions, the company exceeded the consensus profit estimate
in the last eight quarters by an average of $0.03, or 7%. Over the next five years, per-share earnings are expected to grow 12% annually.
Perficient’s business solutions span digital marketing, consulting, analytics, and customer-relationship management. Serving a variety of customers in health care, financial services,
electronics, and telecommunications, the company’s analytics and cloud solutions help boost productivity and reduce costs.
The stock boasts broad strength in Quadrix, earning an 80 for Overall and ranks above 70 for both sector scores. Perficient is a Best Buy.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, October 2019