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Sykes Enterprises, Incorporated (SYKE)

- NASDAQ
  • Nov. 6, 2012, 1:00 PM
    Call-center operator Sykes Enterprises (SYKE +12.38%) gets a boost after its Q3 fared better than Wall Street expected, helped by stronger demand in its financial services and communications business. The company also guided its Q4 higher, now expecting to earn between $0.28 to $0.33 per share on revenue in the range of $300M to $305M, above the Street view of $0.31 on $272M in revenue.
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  • Mar. 5, 2012, 12:21 PM
    Sykes Enterprises (SYKE +7.1%) is upgraded to Outperform from Neutral at Baird after shares dipped 20% since it reported Q4 results and issued soft guidance a week ago. Baird foresees a rally in the next few months given "easing revenue comps, strong cash position, solid earnings power and attractive valuation."
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  • Feb. 29, 2012, 1:43 PM
    First Analysis piles on to Sykes Enterprises (SYKE -3.2%), downgrading the shares on the back of its Q4 report due to weak guidance and revenue growth concerns.
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  • Feb. 28, 2012, 12:39 PM
    In spite of beating Q4 EPS estimates, Sykes Enterprises (SYKE -15.6%) is falling hard thanks to its soft 2012 guidance. The BPO services provider, which was crushed in August following its Q2 report, says it expects Q1 revenue of $270M-$275M and EPS of $0.20-$0.23 (consensus of $300.7M and $0.30), and 2012 revenue of $1.095B-$1.11B and EPS of $1.10-$1.20 (consensus of $1.22B and $1.44). Sykes blames macro issues and an assortment of margin pressures.
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  • Feb. 2, 2012, 12:29 PM
    Sykes Enterprises (SYKE -3.9%) is reduced to Neutral from Outperform at Robert W. Baird, which sees "limited near-term upside" as the stock now trades near its four-year average NTM P/E multiple. The firm believes management could be conservative with initial 2012 guidance, particularly given recently announced restructuring efforts.
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  • Nov. 9, 2011, 4:01 PM
    Sykes Enterprises (SYKE -4.2%) drifts towards its lows for the day after Stifer Nicolaus downgrades the shares on valuation, citing the company's growth challenges and volatility of its margins.
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  • Aug. 9, 2011, 1:40 PM
    Customer service outsourcing firm Sykes Enterprises (SYKE) falls 27.8% after reporting Q2 revenue of $309.9M (+7% Y/Y) and EPS of $0.29, compared with a consensus of $307.8M and $0.33. Citing "sluggish demand forecasts from clients," Sykes expects 2011 revenue of $1.22B-$1.23B and EPS of $1.19-$1.24, below a consensus of $1.24B and $1.49.
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Company Description
Sykes Enterprises Inc providesoutsourced customer contact management solutions and services in the business process outsourcing arena to companieswithin the communications, financial services, technology/consumer and other industries.