Griffin Securities, which raised its PT on shares of The Hackett Group, Inc. HCKT, is providing some color on the stock.
“Though we are not raising our 2011 pro forma estimates, we believe our $0.33 estimate will be exceeded,” Griffin Securities writes. “Introducing preliminary $0.40 estimate for 2012. Pro forma 1Q 11 EPS of $0.07 (high-end of guidance) vs. $0.05 last year.
“Organic revenues expanded 9% sequentially- 1Q '10 vs. 4Q '10. The flow of activity crawled forward in January only to meaningfully accelerate into February/March- outlook remains healthy for 2Q ‘11 and full year 2011.”
Hackett Group closed Tuesday at $4.97.
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