Stamps.com (STMP) and Zhongpin Inc. (HOGS) - Zacks #1 Rank Top Performers
31 Agosto 2011 - 2:00AM
Zacks
Stamps.com (STMP) was as right as the mail on Wednesday and
came the closest of any Zacks #1 Rank to a double digit gain.
Shares appreciated by 9.35% during the session, while volume for
this top performer neared 545,000. Normally, the company musters
about 200,000.
The leading provider of Internet-based postage announced "the
best quarter in the history of the company" in late July.
Second-quarter earnings per share of 39 cents soared past the Zacks
Consensus Estimate by more than 116%. The result continues an
impressive record of beating quarterly earnings expectations for
STMP.
Revenue jumped 26% to $26.6 million.
The company also enhanced its EPS and revenue outlooks for 2011,
which had a very positive impact on earnings estimates. The Zacks
Consensus Estimate for this year is currently 99 cents per share,
which is unchanged in 30 days but up nearly 34% from 2 months
ago.
Meanwhile, the Zacks Consensus Estimate of $1.03 for 2012 has
advanced practically 20% in that time.
"HOGS" is a pretty apt ticker for Zhongpin Inc. (HOGS), a
Chinese meat and food processing company that specializes in pork
and pork products, as well as vegetables and fruit.
HOGS was living high on the list today as shares gained 7.6%,
making it one of the top-performing Zacks #1 Ranks.
Meanwhile, earnings estimates have moved up in the past 30 days
following a solid second quarter report from early August.
The Zacks Consensus Estimate for 2011 is up 4.3% in the past
month to $1.94 per share. As for 2012, the Zacks Consensus Estimate
has advanced nearly 7% to $2.48.
At the moment, analysts are expecting profit growth of around
28% for next year over this year.
For its most recently-reported quarter, HOGS announced earnings
per share of 48 cents, which topped the Zacks Consensus Estimate by
more than 17%.
Revenues soared 70% to $366.5 million.
The first-half numbers were so good for HOGS that it decided to
revise its outlook for the full year. The reaction to this move can
be seen in the graph below:
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ZHONGPIN INC (HOGS): Free Stock Analysis Report
STAMPS.COM INC (STMP): Free Stock Analysis Report
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