- ThinkEquity is positive on GigaMedia (NASDAQ:GIGM) saying recent marketing meetings with management in London left them even more enthusiastic about the fundamentals of GigaMedia's core businesses and growth potential. Its investments in marketing for CESL in Europe, numerous strategic initiatives in Asia (intended majority ownership of T2CN, investment in Southeast Asia-focused Infocomm, high-profile game license HellGate London), and future growth initiatives (casual online sports games in China, real-money Mahjong, expansion in Japan) position GigaMedia well for 40% annual growth over the next three years, in firm's view. They are increasing their FY07 and initiating FY08 estimates as well as raising price target to $15 from $13.
GigaMedia is expected to report Q4:06 earnings within the first two weeks of March. The firm is comfortable with their estimates of $28.5 million (+142% y/y, +18% q/q) in revenues and $0.13 (+225% y/y, +18% q/q) in EPS.
FY07 estimates increase to $141.2 in revenues (+54% y/y) and $0.52 in EPS (+58% y/y). For FY08, they are initiating estimates of $183.2 in revenues (+30 % y/y) and $0.70 in EPS (+33% y/y).
Notablecalls: Chart looks strong and Think's been right on GIGM so far.
GigaMedia is expected to report Q4:06 earnings within the first two weeks of March. The firm is comfortable with their estimates of $28.5 million (+142% y/y, +18% q/q) in revenues and $0.13 (+225% y/y, +18% q/q) in EPS.
FY07 estimates increase to $141.2 in revenues (+54% y/y) and $0.52 in EPS (+58% y/y). For FY08, they are initiating estimates of $183.2 in revenues (+30 % y/y) and $0.70 in EPS (+33% y/y).
Notablecalls: Chart looks strong and Think's been right on GIGM so far.
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