Shares of Questar Assessment (QUSA.OB) were Up 8.57% Friday; as the Company is Featured by Dutton Associates with a “Buy” Rating
In a recent Research Note; the Analyst noted that the Dutton fiscal 2007 revenue estimate remains $45.8 million. However, Dutton has raised its expense projection to include one-time costs associated with the closing of a seasonal scoring center and downsizing activity as a result of the expiration of a large contract at the end of July. Dutton estimates that will contribute approximately $8 million to $9 million to fiscal 2007 revenue. In fiscal 2008, Dutton projects a modest revenue decline year over year due to the contract expiration. We expect much of the lost revenue to be offset by revenue contributions from new contract wins, but we are…