Applied Signal Technology, Inc. – Momentum – Zacks Rank Buy
Source: http://www.zacks.com/commentary/11260/Applied+Signal+Technology%2C+Inc.+-+Momentum+-+Zacks+Rank+BuyPosted on Monday, June 22nd, 2009 | In Market Commentary, Stocks to Watch
Applied Signal Technology, Inc. (APSG), Inergy Holdings LP. (NRGP), PF Chang’s China Bistro Inc. (PFCB), Autozone, Inc. (AZO) and Badger Meter, Inc. (BMI).
Applied Signal Technology, Inc.’s (APSG) share price gapped open higher on June 3 after the company reported second-quarter earnings that bested expectations.
Second-Quarter Results
Revenue was up 18% from last year to $53.5 million. Income came in at $4.1 million, more than double last year’s $2 million, producing earnings of 31 cents per share, 11 cents ahead of the consensus.
It was the fourth time in the last four quarters that the company has either beat or matched estimates, having done so by an average of 8 cents, or 47%.
Estimates Spike
After the great quarter, analysts boosted their earnings projections, with the current-year estimate jumping 19 cents to $1.09 per share. The next-year estimate is up 17 cents to $1.16, a 6% earnings growth projection.
The Chart
As previously mentioned, shares of APSG gapped open higher on the news and have since held steady in higher ground. Take a look at the chart below.
Inergy Holdings LP. (NRGP) is posting impressive gains on higher sales and rising estimates. Read Full Article.
PF Chang’s China Bistro Inc. (PFCB) is up more than 100% in the last 3 months in response to the company’s strong first-quarter results and rising estimates. Read Full Article.
Autozone, Inc. (AZO) is one of a number of auto-parts retailers that has done well in the challenging economy. Estimates are up and the company’s share price has been trending higher since November of last year. Read Full Article.
Badger Meter, Inc. (BMI) has been rallying for the last 3 months on strong first-quarter results, higher estimates and cost cutting initiatives. Read Full Article. Zacks Investment Research
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 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
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