SEI Investments’ Earnings

The earnings season continues to be very good for our Buy List stocks, if not for Google (GOOG). This morning, SEI Investments (SEIC) reported earnings of 50 cents a share, three cents better than estimates. Sales came in at $203.5 million which also topped forecasts.
For 2006, Wall Street expects earnings of $2.05 a share, although I expect that that will be raised over the next few days. Consider that in 2005, SEIC’s earnings-per-share grew 14.4% (from $1.60 to $1.83). Assuming that same growth rate for 2006, the company would earn $2.09 a share. The stock is already up 13% this year.
January was a good month for our Buy List. We were up 2.49%, just below the S&P 500’s 2.54% (not including dividends).
Our next earnings report will be Brown & Brown (BRO) on February 13 and Expeditors (EXPD) on February 14.

Posted by on February 1st, 2006 at 1:27 pm


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