Hansen Natural Corp. – Momentum – Zacks Rank Buy
Source: http://www.zacks.com/commentary/10918/Hansen+Natural+Corp.+-+Momentum+-+Zacks+Rank+BuyPosted on Monday, May 18th, 2009 | In Market Commentary, Stocks to Watch
Hansen Natural Corp. (HANS), Jo-Ann Stores, Inc. (JAS), Universal Healthcare Svc. (UHS), Iron Mountain Inc. (IRM) and Central Garden & Pet Co. (CENT).
Hansen Natural Corp.’s (HANS) share price recently surged higher after the company reported strong first-quarter results on May 7 that were ahead of expectations.
First-Quarter Results
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Sales were up 15% from last year to $244.2 million. Income jumped to $41.6 million from $28.8 million last year, producing earnings of 47 cents per share, 9 cents ahead of the consensus.
This marked the fourth time in the last four quarters that the company has surprised and beat estimates, having done so by an average of 4 cents, or 10%.
Estimates Jump
Analysts boosted their earnings projections after Hansen’s solid quarter. The current-year estimate is 8 cents to $2.26 per share while the next-year estimate is up 7 cents to $2.57, a 13% earnings growth projection.
The Chart
Shares of HANS have been rallying since bottoming out just above $20 in late October. Since then, this stock has topped the $44 mark. Take a look below.
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Last Week’s Momentum Zacks Rank Buy Stocks
Jo-Ann Stores, Inc. (JAS) pre-announced its first-quarter sales results in early May, giving its share price a nice boost and causing analyst to upgrade their earnings forecasts. Read Full Article.
Universal Healthcare Svc. (UHS) has rallied with the market over the last few months, with earnings estimates going along for the ride and rising in tandem. Read Full Article.
Iron Mountain Inc. (IRM) has been on a very smooth rally since early March as the overall market has strengthened and accelerated. Read Full Article.
Central Garden & Pet Co. (CENT) gave its share price an extra boost with second-quarter results that beat estimates. Read Full Article.
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cent;, Central Garden & Pet Co;, HANS, Hansen Natural Corp;, Iron Mountain Inc;, Jo-Ann Stores Inc, Market Commentary, Stocks to Watch, USD, Zacks Market Commentaries, Zacks Rank Buy Hansen Natural Corp.;
 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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