Top Performer for Tues: AMICAS (AMCS) – Zacks #1 Rank Top Performers
Source: http://www.zacks.com/commentary/12856/Top+Performer+for+Tues%3A+AMICAS+%28AMCS%29+-+Zacks+%231+Rank+Top+PerformersPosted on Tuesday, November 24th, 2009 | In Investing Lessons, Stocks to Watch
It’s been a choppy, rather lackluster session for the market in general, but AMICAS, Inc. (AMCS) has been able to produce a nearly 4% gain. That’ll be enough to make the Zacks #1 Rank Top Performers List on Tuesday.
Volume of almost 224,000 is above the daily average of 124,000.
AMICAS is a leader in radiology and medical image and information management solutions. It is the only company from the Medical Information Systems industry on today’s Zacks #1 Rank List.
Earnings Estimates for AMICAS
The Zacks Consensus Estimate for this year has been unchanged for the last 3 months at a loss of 19 cents per share.
However, analysts are currently expecting 24 cents for next year, marking a return to profitability and a sharp year-over-year performance from 2009. Furthermore, that Zacks Consensus Estimate has advanced by 14.3% in 30 days.
Third Quarter
AMICAS earned 7 cents per share in its third quarter, which was a sharp 800% improvement over the Zacks Consensus Estimate for a loss of 1-cent. (This was the second straight quarter with a triple-digit earnings surprise.) The result also reversed a year-ago loss.
Total revenue reached $27.2 million, compared to $12.3 million a year earlier.
“We demonstrated excellent progress on a number of important fronts – including record bookings and revenue, accelerated progress on our business integration, and continued focus on customer success, while at the same time pursuing strategic growth opportunities,” stated AMICAS President/CEO/Chairman Stephen Kahane MD.
As for the immediate future, AMICAS now expects non-GAAP revenue of approximately $28.7 million for the fourth quarter. Meanwhile, it sees about $95.8 million for 2009, which is up $1 million from its previous guidance.
Last 5 posts by James Giaquinto
- Top Performer for Fri: China Integrated Energy - Zacks #1 Rank Top Performers - March 12th, 2010
- Top Performer for Wed: Williams-Sonoma (WSM) - Zacks #1 Rank Top Performers - March 10th, 2010
- Top Performer for Fri: Solutia (SOA) - Zacks #1 Rank Top Performers - March 5th, 2010
- Top Performer for Wed: Sotheby's (BID) - Zacks #1 Rank Top Performers - March 3rd, 2010
- Top Performer for Tues: Diodes (DIOD) - Zacks #1 Rank Top Performers - March 2nd, 2010
 About James Giaquinto (http://www.zacks.com/)
James Giaquinto is an Editor at Zacks Investment Research. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.