RE: Surprise For 2013 M|Partners has raised their revenue estimate for Enterprise to $43.5 million, and $65.3 million in 2014 with fully diluted earnings per share of .17 cents- that is with more than 40% margins-
Given that they believe that Enterprise is trading at a 'deep valuation discount compared to its peers', are trading at 12x's P/E their target price is $2.05, (previously $1.30)
They also say- "Our valuation is based on a 12.0x P/E multiple applied to our newly introduced 2014 EPS of $.17 which translates into a 7.0x EV/2014 EBITDA multiple."