Sykes Enterprises (SYKE): Share price cycling in bullish 'flag'

Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy

Sykes Enterprises (NASDAQ: SYKE) provides outsourced customer contact management services to the business community. It offers technical support and customer service via telephone, e-mail and chat, through centers in the Americas, Europe, Asia and Africa. Sykes also provides large corporations with technical staffing and customer relationship management consulting services. Clients are primarily firms in the communications, technology, financial services, healthcare and transportation industries.

The company pleased investors last week, when it announced Q1 EPS of 38 cents and revenues of $203.7 million. Analysts had been looking 26 cents and $201.6 million. Management also guided Q2 EPS to 29-31 cents (27 cent consensus), Q2 revenues to $205-$210 million ($200.34M consensus), FY08 EPS to $1.24-$1.33 ($1.15 consensus) and FY08 revenues to $815-$830 million ($815.04M consensus). Susquehanna Financial subsequently reiterated its "positive" rating on the shares.

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