Darn, we were considering it, shorting ELLI at $94, but they have a habit of beating with a huge amount. They didn't do so this time, and the following shows just how expensive the stock is:
For the full year 2016, revenue is expected to be in the range of $325.0 million to $329.0 million, up from the previously provided range of $317.0 million to $321.0 million. Net income is expected to be $23.5 million to $25.5 million, or $0.74 to $0.80 per diluted share, up from the previously provided range of $22.2 million to $24.2 million, or $0.71 to $0.76 per diluted share. Adjusted net income is expected to be in the range of $58.4 million to $61.4 million, or $1.84 to $1.92 per diluted share, up from the previously provided range of $56.1 million to $59.1 million, or $1.79 to $1.86 per diluted share. Adjusted EBITDA is expected to be in the range of $93.0 million to $97.5 million, up from the previously provided range of $90.0 million to $94.5 million.
Ellie Mae Reports First Quarter 2016 Results | Seeking Alpha
That's roughly $0.80 eps for a $90 stock.. Ok, if you add in the stock based compensation you get the $1.90 or so, but even then it's expensive..