(PAY) - VeriFone Holdings, Inc - Over the past 60 days, this year's earnings estimates have increased 14.6%

VeriFone Holdings has met or exceeded estimates in four consecutive quarters. One analyst has raised his numbers for both this year and next year. Over the past 60 days, this year's earnings estimates have increased 14.6% to $1.02 per share. Next year's numbers have also jumped 23.8% to $1.30 per share. Full Analysis VeriFone Holdings, Inc. (PAY) engages in the design and marketing of system solutions for electronic payment transactions and value-added services at point of sale. Its system solutions include point of sale electronic payment devices, security and encryption software, and certified payment software, as well as third party applications. The company's solutions process various payment types, including signature and PIN-based debit cards, credit cards, contactless/radio frequency identification or radio frequency identification, cards, smart cards, prepaid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture, and electronic benefits transfer. PAY's shares got a big boost in early-September following the release of better-than-expected earnings and a big guide up for the future. The company posted adjusted earnings of 28 cents per share on revenue of $147.6 million, ahead of the Street's view of a per-share profit of 26 cents on $144.4 million in sales. The company also forecast fiscal 2006 adjusted earnings between $1.07 and $1.08 per share, and 2007 adjusted earning of $1.40 to $1.42 per share. Wall Street analysts have pegged the company to earn $1.04 per share in 2006, and $1.23 per share in 2007. "We are once again extremely pleased with the consistency of our quarterly results, demonstrated by our tenth consecutive quarter with double digit revenue growth and our eighth consecutive quarter of expanded EBITDA as adjusted margins, which reached a record level of 22.6% in the quarter," said Douglas G. Bergeron, Chairman and Chief Executive Officer. Over the past 60 days, this year's earnings estimates have increased 14.6% to $1.02 per share. Next year's numbers have also jumped 23.8% to $1.30 per share. The company has met or exceeded estimates in four consecutive quarters. One analyst has raised his numbers for both this year and next year. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home