PepsiAmericas, Inc. – Aggressive Growth – Zacks Rank Buy
Source: http://www.zacks.com/commentary/10927/PepsiAmericas%2C+Inc.+-+Aggressive+Growth+-+Zacks+Rank+BuyPosted on Monday, May 18th, 2009 | In Market Commentary, Stocks to Watch
The Zacks Rank Buys featured in this article are: PepsiAmericas, Inc (PAS), BWAY Holding Co. (BWY), HMS Holdings Corp. (HMSY), Ralcorp Holdings, Inc. (RAH), and OSI Systems, Inc. (OSIS).
PepsiAmericas, Inc (PAS) just beat Wall Street expectations once again and shares are at a 52-week high.
Company Description
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PepsiAmericas, Inc produces, distributes, and markets soft drinks under several well know PepsiCo brands, including Pepsi, Mountain Dew, and 7UP. The company operates across the United States, Europe, and the Caribbean. PepsiAmericas is head quartered in Minneapolis, has over 20,000 full-time employees, and carries a market cap of $3 billion.
Beat the Street
PepsiAmericas beat Wall Street’s expectations for its first-quarter earnings when it announced 20 cents per share on April 29. The consensus heading into the report was 16 cents.
This was the company’s fourth consecutive earnings surprise. On average PepsiAmericas has beat expectations by 14% over the past year.
Estimates Bubbling
Since the earnings report 7 of the 9 covering analysts have raised their estimates. The consensus for 2009 is now $1.87, up from $1.79. Estimates for 2010 are up 10 cents and average $2.02.
The Chart
Shares of PAS gapped up after the latest earnings report and went on to set new 52-week highs. Take a look at the chart below.
Read the August 27th Feature Here
Last Week’s Aggressive Growth Zacks Rank Buy Stocks
BWAY Holding Co. (BWY) shares have gone on to set a new 52-week high following the latest earnings report and estimates revisions.
HMS Holdings Corp. (HMSY) released another earnings surprise followed by bullish comments from its CEO.
Ralcorp Holdings, Inc. (RAH) is growing rapidly and continues to acquire other brands. Shares are surging following the latest earnings report.
OSI Systems, Inc. (OSIS) shares are surging after a consolidation as the company headed into its latest earnings announcement.
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