Lender Processing Services

According to Oppenheimer, Lender Processing Services (NYSE: ESI) is buzz-cutting estimates as volumes fall. Oppenheimer said that it is not particularly surprised by LPS's earnings pre- announcement, but the magnitude of the miss is startling. “Citing soft fundamental trends, 2Q:FY11 guidance (...

KBW is out with its report today on Lender Processing Services (NYSE: LPS), downgrading LPS to Market Perform. In a note to clients, KBW writes, "We are downgrading shares of Lender Processing Services to Market Perform following last night's pre-announcement. In addition, we are lowering our 2011...

Oppenheimer is out with its report on Lender Processing Services (NYSE: LPS), maintaining Perform. In a note to clients, Oppenheimer writes, "Beyond regulatory uncertainties, foreclosure starts and origination headwinds could pressure revenue prospects near term. Valuation remains low at 8.2x...

Oppenheimer is out with its report today on Lender Processing Services (NYSE: LPS), maintaining Perform. In a note to clients, Oppenheimer writes, "We appreciate LPS's strong execution and market share gains exhibited in recent quarters. We also understand that the level of seriously delinquent...

KBW released its Business Information Services 2011 Outlook and included its risks to target price for the following companies: Lender Processing Services (NYSE: LPS) Target Price: 40.00 Risk Factors: A prolonged real estate downturn that negatively impacts the number of actual mortgages...