Goldman Sachs Previews VeriFone 2QFY11

VeriFone Systems, Inc (NYSE:
PAY
) reports 2QFY11 earnings this Thursday, June 2, after the close, Goldman Sachs reports. “We expect revenue of $284 mn (consensus: $285 mn) and management-defined (adds back stock comp) EPS of $0.43 (in line with consensus),” Goldman Sachs writes. “Our FY11 and FY12 EPS estimates are $1.79 and $1.99 (vs. consensus $1.81 and $2.17). Our $45, 12-month price target is unchanged.” VeriFone Systems closed Tuesday at $48.13.
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