This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Biggest Earnings Reports You Must Watch Next Week

PAY Chart PAY data by YCharts

VeriFone Systems (PAY - Get Report)

52-Week High: $55.89

52-Week Low: $30.10

Book Value: $11.54

Price-To-Book: 2.88

VeriFone is anticipated to report better third-quarter earnings after the market closes on Sept. 5, 2012. The consensus estimate is currently 62 cents a share, an improvement of 22 cents (35.5%) from 40 cents during the same period last year.

Eight of the 13 analysts covering the company give a buy recommendation. The average analyst target price for PAY is $46.27.

The trailing 12-month price-to-earnings ratio is 18.4, the mean fiscal-year estimate price-to-earnings ratio is 14.9, based on earnings of $2.32 per share this year.

The current proportion sold short based on the float is an uncomfortable 9.4%. That's a considerable amount of smart money betting VeriFone faces more downside pressure. If shorts are wrong, VeriFone is a short-squeeze candidate.

Background: VeriFone is a global leader in secure electronic payment technologies. VeriFone delivers solutions that add value to the point of sale. VeriFone is specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and health care. VeriFone trades a recent average of 2.9 million shares per day with a marketcap of $3.7 billion.

PAY Earnings Per Share Chart PAY Earnings Per Share data by YCharts

I use,,, Tradestation, and Reuters for my data. PE is generally adjusted PE based on an average number of shares.

At the time of publication, the author held no positions in any of the stocks mentioned, although positions may change at any time.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DG $80.94 -2.10%
HRB $21.01 2.00%
KR $35.92 -1.10%
PAY $28.90 -1.06%
AAPL $95.03 -2.90%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs