Wednesday, critical information and insight provider IHS Inc. (IHS) reaffirmed its fiscal 2009 forecast for growth in all-in revenue and adjusted EBITDA. The reaffirmation will be done in the William Blair & Co. 29th Annual Growth Stock Conference in Chicago Wednesday, June 10, 2009, the company said.
Englewood, Colorado-based IHS still expects 2009 all-in revenue growth of 12% to 16%. From the 2008 base of $844 million, the current growth expectation would represent full-year 2009 revenues between $945 million and $979 million.
On average, four analysts polled by Thomson Reuters expect the company to report revenues of $964.00 million for fiscal 2009, with estimates ranging between $950.37 million and $970.50 million, representing a year-over-year growth of 14.2%.
Further, the company continues to project adjusted EBITDA growth of 21% to 24% for the year from the 2008 base of $225 million.
Previously, on May 13, the company had reaffirmed its full-year revenue growth forecast, which was cut in March from its earlier projection of 16% to 18% growth.
The company's initial all-in revenue growth projection was between 19% and 21% from the previous year, while all-in adjusted EBITDA growth target was 21% to 24%.
Earlier, the company had said that it anticipates full-year depreciation and amortization expense in the range of $50 million to $53 million, net interest expense of approximately $1 million to $2 million, and stock-based compensation expense between $54 million and $57 million.
IHS also said Wednesday that it expects to report its second-quarter financial results on Wednesday, June 17, 2009, after the market close. Analysts project earnings of $0.55 per share for the quarter, on revenues of $237 million.
IHS closed Tuesday's regular trading session at $49.57, up $0.24, on a volume of 305 thousand shares.
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