(RealTimeTraders.com) - Commenting on Sylvan Learning Systems (SLVN), CS First Boston said the company reported a strong fourth quarter. Analyst Brandon Dobell added that 2004 guidance should drive the stock up near-term.

According to the analyst, the real catalyst for the stock could be 2005 guidance in April. Subsequently, the analyst hiked 2004 earnings estimate to $1.24 from $1.22 per share. CS First Boston believes the company has a model to grow earnings at least 35-40% for 2005 and 2005 given considerable revenue visibility and increasing returns.

Brandon Dobell said SLVN remains one of his top picks for 2004. Finally, the analyst set a stock valuation at 25x multiple of new 2004 EPS estimate of $1.24. On Friday, the stock closed at $30.58.

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