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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

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FormerXBC Inc > A last note

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Post by tamaracktop on May 29, 2020 6:42am

A last note

I was going over the research reports tonight/today/whatever it is looking for obvious errors that might force an analyst or two to issue a target revision, and I did come across one thing that stood out. The Craig-Hallum report forecasted $10.5 million Cdn in revenues for the first quarter. Wrong. Their full year revenue estimate is $68 million, and their price target is $4 US, or $5.60 Cdn. What time is it?

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Comment by Ciao on May 29, 2020 8:32am

Why would they update target prices (based on Q1 results) when in a few days the BOO rollout strategy will be announced which will be transformational for the company and would be the real catalyst for updating research reports and target prices.

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Comment by tamaracktop on May 29, 2020 10:34am

Yes I agree. I didn't mean they would revise targets within the next 4 days. I was looking who would be most likely after the next webinar. Craig Hallum definitely will, they have to, their numbers are already so off. And their target is already $5.60. And they are based in the States. That was the purpose of my little excercise. At least one US analyst has to revise their target soon. That ...more

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FormerXBC Inc