Syntel Inc. – Growth And Income – Zacks Rank Buy
Alex Kolb (August 31st, 2009) Writes:
The company recently announced that it was included on Fortune Magazine's global list of "100 Fastest Growing Companies."
Higher Forecasts
Syntel is calling for earnings to range of $2.40 to $2.50 per share.
The full-year Zacks Consensus Estimate has been on the rise, climbing from $2.20 to $2.43 per share over the past 2 months, a 2-cent increase since SYNT was last featured in mid-August.
For 2010, the Zacks Consensus Estimate stands at $2.39, versus last month's $2.35 and the 2 months-ago level of $2.11.
Strong Industry Comparisons
The technology services player has a return on equity (ROE) of 40%, more than doubling the industry-average of 14%.
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