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Net 1 UEPS Technologies Earnings In Retrospect: Up 0.7% in the Last 16 Days (UEPS)

Published on Sat, 02/23/2013 - 09:20
By Robert Cotter

When Net 1 UEPS Technologies (NASDAQ:UEPS) reported earnings 16 days ago on February 7th, 2013, analysts, on average, expected the company to report earnings of $0.22 on sales of $112.0 million. Net 1 UEPS Technologies actually reported earnings of $0.18 per share on sales of $111.4 million, missing EPS estimates by $0.04 and missing revenue estimates by $0.6 million. Shares of Net 1 UEPS Technologies have climbed from $5.94 to $5.98, representing a gain of 0.7% since the company reported earnings 16 days ago.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

Over the past year, Net 1 UEPS Technologies has traded in a range of $3.01 to $12.62 and closed Thursday at $5.98, 99% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.8%.

Potential upside of 17.1% exists for Net 1 UEPS Technologies, based on a current level of $5.98 and analysts' average consensus price target of $7.00. The stock should hit resistance at its 200-day moving average (MA) of $7.74, as well as support at its 50-day MA of $5.38.

By Robert Cotter
rcotter@fnno.com