Jackson Hewitt Still Facing RAL Situations

Jackson Hewitt Tax Service, Inc. JTX reported adjusted EPS of -$0.65 for 1Q11 compared to Oppenheimer's estimate of -$0.71 and reports of -$0.67 in 1Q10. Jackson Hewitt did however announce a new franchise agreement, which will be fully detailed in the coming weeks, Oppenheimer reports. FY2011 EPS of $0.08 (up from $0.02) and FY2012 EPS of $0.06, aside from the uncertainty of Jackson Hewitt's inability to resolve its RAL funding situation, according to Oppenheimer. Oppenheimer reiterates its Perform rating for Jackson Hewitt Tax Service, Inc., which closed yesterday at $0.820.