(NBR) - This quarter's results represent another record for Nabors in all of our important financial metrics

Nabors Industries, Ltd. (NBR), a Zacks #1 Rank stock, beat the Street's earnings estimate in the past eight quarters by an average margin of 8.5%. Earnings per share are projected to grow 37.6% over the next 3-5 years. Analysts' profit forecasts have been trending higher. The company is trading at a discounted valuation, with a price-to-book ratio of 2.7, compared to 3.9 for the market. Full Analysis Nabors Industries, Ltd. conducts oil, gas and geothermal land drilling operations. The company owns and operates almost 600 land drilling and 970 land workover and well-servicing rigs worldwide. Offshore, NBR operates 44 platforms, 17 jack-ups and three barge rigs in the domestic and international markets. When it comes to exceeding analysts' earnings expectations, NBR shines brightly. The company topped the Street's estimate in the past eight quarters by an average margin of 8.5%. Furthermore, over the past 15 quarters, the company missed once, met once and surprised to the upside on 13 occasions. Earnings per share grew 21.6% over the past five years and are expected to grow by an even greater margin going forward-37.6% over the next 3-5 years. On May 8, 2006, NBR posted first-quarter profits of $256.8 million, or earnings per share of 79 cents, compared to $127.4 million, or 40 cents per share in the prior-year period. Analysts were projecting 74 cents, thus, the company produced a 6.8% positive earnings surprise. Revenues ballooned to $1.18 billion from $797.5 million. Gene Isenberg, Chairman and CEO stated, "This quarter's results represent another record for Nabors in all of our important financial metrics: operating income, cash flow, earnings per share and return on average capital employed." For the remainder of the year and beyond, Isenberg said the company is well on its way to handily exceeding its expectations. Analysts are also optimistic. The consensus earnings estimates for this quarter and next quarter jumped 6.0% and 8.8%, respectively, over the past 90 days. As far as this year and next, profit forecasts have risen 8.3% and 12.8%, respectively, over the past three months. Seven analysts submitted upward revisions for this year while eight followed suit for next year. Despite the company's strong earnings history and projected growth rate, NBR is currently trading at a valuation of 13.4x trailing 12-month earnings and at 9.7x current fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.7x trailing 12-month earnings and at 15.5x its current fiscal-year estimated earnings. Furthermore, NBR has a price-to-book ratio of 2.7, compared to 3.9 for the market. NBR increased revenues, expanded gross margins and grew profits for the past three years, most recently by 45.1%, 77.5%, and 114.5%, respectively, in 2005. The company's return on equity exceeds that of the industry average-22% compared to 16%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(ATI) - When compared to the prior-year period, earnings were up an impressive 51.5%

Allegheny Technologies Incorporated (ATI), a stock that we first presented on Apr 5, 2006, has remained a Zacks #1 Rank. The company bettered the Street's earnings estimate in five consecutive quarters, most recently by 44.9%. Consensus earnings estimates have been on the rise. ATI's return on equity crushes that of the industry average—50% compared to 20%. Full Analysis Allegheny Technologies Incorporated is one of the world's largest and most diversified producers of specialty materials. The company operates production facilities, service centers and sales offices throughout the United States and in 17 other countries. ATI operates in three business segments: high performance metals, flat rolled products and engineered products When ATI was first highlighted as a Growth and Income stock on Apr 5, 2006, the company held our highest rating-Zacks #1 Rank. Today, it still holds that honor due to its history of exceeding analysts' earnings expectations and because of upwardly revised estimates. On Apr 26, 2006, the company crushed the Street's first-quarter earnings estimate of 69 cents by a stellar 44.9% when it posted profits of $1.00 per share. When compared to the prior-year period, earnings were up an impressive 51.5%. This marked the fifth straight quarter that produced a positive earnings surprise for ATI. Revenues jumped 18% to $1.04 billion from $879.6 million a year earlier, fueled by a 57% increase in the high performance metals segment and 21% in the engineered products division. Looking ahead, Patrick Hassey, the company's chairman, president and CEO stated, "The outlook remains strong for our major markets." The company's markets include defense, chemicals and energy. Earnings per share are projected to grow 20% over the next 3-5 years, with the industry expected to experience growth of 18%. ATI plans to release its financial results for the second quarter on Jul 26, 2006. On Jun 26, 2006, ATI announced a $325 million investment in a greenfield premium-grade titanium sponge facility to be built in Rowley, UT, with an annual capacity of 24 million pounds. This will increase the company's capacity to produce titanium alloys to about 40 million pounds. The plant will help it further cater to both the aerospace and defense markets and should begin production in the third quarter of 2008. In the three months since ATI was first featured, analysts have grown more optimistic, revising their earnings estimates upward. Consensus estimates for this quarter and next quarter increased 41.8% and 31.4%, respectively. Profit forecasts for this year and next ballooned 36.8% and 38.8%, respectively, over the same time period. When measuring ATI's profitability via its return on equity, investors should be very impressed. The company has a return on equity more than twice that of the industry average-50% compared to 20%. ATI is currently yielding 0.61% and has a five-year average dividend yield of 3.9%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(SJR) - Shaw Communications recorded customer gains across all businesses in the second quarter

Shaw Communications Inc. has seen its earnings estimates increase significantly over the past 30 days. This year's estimates have jumped 19.5%, while next year's numbers have risen 9.7% over the same time period. The stock is trading at 27.8x next year's estimates of $1.02 per share, below the long-term growth rate of 31.57%, giving the stock a PEG ratio of 0.88. Full Analysis Shaw Communications Inc. (SJR) is the largest provider of communication services in Canada. Its business includes providing broadband cable television, Digital Phone and Internet, satellite direct-to-home (DTH), and satellite distribution services to over three million customers. The company operates through three major divisions: Cable, DTH, and Satellite Services. An increase in subscribers across all divisions, launch of the Voice-over-Internet Protocol (VoIP), and return of value to shareholders make the stock attractive. Shaw Communications recorded customer gains across all businesses in the second quarter with 6,838 customer additions in basic cable; 18,594 in digital cable; 36,296 in Internet; 28,018 for digital phone; and 6,843 in DTH. Greater focus on customer service and reduction in churn rates will help the company sustain this trend in coming quarters. Improved marketing efforts; initiatives like same day, next day service for customers; and new offerings, such as VoIP, are likely to expand its client base further. The company said last Friday its fiscal third-quarter net income surged, thanks to one-time gains as well as higher revenue. For the quarter ended May 31, the company earned 126.4 million Canadian dollars, ($114.7) or 58 cents Canadian per share, up from 32.8 million Canadian dollars, or 14 cents per share, a year ago. "We're expanding our digital phone footprint and growing our customer base, improving service levels, and enhancing our product offerings to drive strong revenue and operating income growth," said Jim Shaw, Chief Executive, in a statement. Earnings estimates have increased significantly over the past 30 days. This year's estimates have jumped 19.5%, while next year's numbers have risen 9.7% over the same time period. The stock is trading at 27.8x next year's estimates of $1.02 per share, below the long-term growth rate of 31.57%, giving the stock a PEG ratio of 0.88. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(EYE) - Advanced Medical Optics has risen about 35% since May 31, 2005 and set new highs on Tuesday

Full Analysis It'll be a couple of weeks before EYE reports earnings for the Jun 06 quarter. The analysts' consensus is that the company will earn 50 cents per share, up 35.1% from the 37 cents achieved in the Jun 05 quarter. Technical Analysis Advanced Medical Optics has performed well since the May 2005 acquisition of VISX, Inc. The stock has risen about 35% since May 31, 2005 and set new highs on Tuesday, topping out at $52.90 before closing at $52.04. The stock experienced some resistance at the $50 level (more psychological than material) before moving above that level last week. But it was Tuesday's wide range and heavy volume that made Momentum traders sit up and take notice. EYE is a perfect example of a company with improving fundamentals (earnings expected to be up 35% from last year) being rewarded by the market as a result (the stock is up 35% year to date). With no overhead resistance, EYE will continue to move higher until there is some evidence of slowing earnings. And if it can manage a positive earnings surprise on Aug 1, when the company expects to announce the Jun quarter results, then given the current positive technical profile, the stock could move much higher. Background Advanced Medical Optics is a global leader in the development, manufacturing and marketing of medical devices for the eye and contact lens care products. They focus on developing a broad suite of innovative technologies and devices to address a wide range of eye disorders. Products in the ophthalmic surgical line include foldable intraocular lenses, phacoemulsification systems, viscoelastics and related products used in cataract surgery and microkeratomes used in LASIK procedures for refractive error correction. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(LMS) - LMS upped its revenue guidance for the full year of 2006

The Lamson & Sessions Co. (LMS), a Zacks #1 Rank stock, recently boosted its second-quarter and full-year 2006 sales and earnings per share guidance. Analysts' estimates have been trending higher. LMS beat the Street's expectations for the past six quarters by an average margin of 11.4%. The company's return on equity, or a common measure of profitability, crushes that of the industry average-44% compared to 10%. Full Analysis The Lamson & Sessions Co. is a leading producer of thermoplastic enclosures, fittings, conduit and pipe, and wiring devices for the electrical, telecommunications, consumer, power and waste water markets. LMS has a history of exceeding analysts' earnings expectations, having done so for six consecutive quarters by an average margin of 11.4%. Earnings per share grew a robust 41.5% over the past five years. On Apr 28, 2006, LMS reported first-quarter profits of $9.2 million, or 58 cents per share. These earnings dwarf those achieved in the prior-year period-$2.2 million, or 15 cents per share. With the Street expecting 55 cents, the company surprised to the upside by 5.5%. Net sales of $135.4 million were up 37.0% when compared to the $98.8 million reported in the first quarter of 2005, and marked a new record. On Jun 13, 2006, LMS upped its revenue guidance for the full year of 2006 to between $575 million and $585 million, versus its previous projection between $545 million and $555 million. Furthermore, the company raised its earnings per share outlook to between $2.25 and $2.30 from its previous forecast between $1.90 and $1.95. LMS was also bullish on its upcoming second-quarter numbers, increasing both profits and sales. The company is expected to release second-quarter results on Jul 27, 2006. Analysts' earnings estimates have been climbing upward for LMS. Consensus estimates for this quarter and next increased 90.5% and 27.5%, respectively, over the past 90 days. Profit forecasts for this year and next jumped 33.9% and 5.7%, respectively, over the same time period. The company is currently trading at a valuation of 12.4x trailing 12-month earnings and at 12.1x current fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.6x trailing 12-month earnings and at 15.4x its current fiscal-year estimated earnings. The company's return on equity, or a common measure of profitability, crushes that of the industry average—44% compared to 10%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(WOR) - exceeded analysts' earnings expectations in nine of the past 11 quarters

Worthington Industries, Inc. (WOR), a Zacks #1 Rank stock, recently reported record net sales while beating analysts' earnings estimates by a solid 39.5%. The company is currently trading at a discounted valuation, with a price-to-book ratio of 2.0, compared to 3.9 for the market. WOR has paid a dividend in 154 straight quarters. Full Analysis Worthington Industries, Inc. is a global company that processes steel for use in the automotive, construction, hardware, aerospace and many other industries. The company operates in three segments: processed steel products, metal framing and pressure cylinders. WOR exceeded analysts' earnings expectations in nine of the past 11 quarters. Earnings per share grew 33.5% over the past five years. On Jun 29, 2006, the company reported fourth-quarter fiscal 2006 profits of 53 cents per share-topping the Street's estimate by an impressive 39.5%. In the prior-year period, earnings amounted to 46 cents per share. Net sales came in at $822.0 million, led by $137.7 million in the company's pressure cylinders segment, marking a new record for WOR. Analysts have become increasingly optimistic about the company's future earnings potential. Consensus estimates for this quarter and next increased 6.8% and 12.5%, respectively, over the past 60 days. Profit forecasts for this year and next jumped 15.9% and 2.9%, respectively, over the same time period. On May 22, 2006, the Board of Directors at WOR declared a regular quarterly dividend of 17 cents per share. The company has distributed a dividend for 154 consecutive quarters-since it became a public company in 1968. WOR is currently yielding 3.2% and has a five-year average dividend yield of 3.9%. The company is currently trading at a valuation of 14.2x trailing 12-month earnings and at 13.3x current fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.6x trailing 12-month earnings and at 15.4x its current fiscal-year estimated earnings. Furthermore, WOR has a price-to-book ratio of 2.0, compared to 3.9 for the market. The company's return on equity tops that of the industry average-15% compared to 11%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(LCC) - US Airways is expected to report earnings on Jul 20 for the June 2006 quarter. The consensus estimate is $3.15

Technical Analysis Since the new US Airways was listed in September 2005, the stock has gained 183%. Friday's action brought a new all-time high to the stock when it closed at $54.81 on heavy volume. The long-term technical indicators are positive, with Moving Average Convergence Divergence giving a buy signal most recently on Jun 20. The stock remains above its 200-day moving average and the moving average itself has a positive slope. LCC had previously set a high of $52.13 on May 9. However, like a majority of the market, the company had a weak May. The stock fell about 20% before bottoming out at $41 on Jun 13. Since then, the stock has rallied nicely into new high ground. This is a stock still seeking an equilibrium price point. As a new stock, this is not yet an efficient market. Clearly Friday's action shows that there is still some upside to this stock. Having gained 34% in less than a month (from a low of $41.00 on Jun 13 to a high of $55.00 on Jul 7), while setting new historic highs in the process, LCC is in a strong uptrend. During the May break, the stock did not violate its 200-day moving average, which is important for this Momentum stock of the day. Background The new US Airways Group, Inc. was formed on September 27, 2005 with the merger of America West Airlines and US Airways Group. US Airways Group, Inc., a holding company, provides airline services in the United States and internationally. As of Dec 31, 2005, it operated 232 jet aircrafts and 18 regional jet aircrafts. The company was formed in 1981 and is headquartered in Tempe, Arizona. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(DLP) - Delta and Pine Land Co. - a long term breakout

Full Analysis Things are turning around for Delta and Pine. After underperforming the general market the last three years, DLP is now up about 37% year to date, compared with the S&P 500's return of only 1.5%. Improving financial results are driving this turnaround. On Jul 6, DLP reported earnings of $1.42 per share, a 54% increase from last year and a nearly 7% positive earnings surprise over the consensus. Sales grew over 1,000% and income was reported at $52.7 million, versus a loss of $8.6 million in the same quarter last year. Technical Analysis A quick glance at a long-term chart for DLP will leave you with the impression that the stock has been trapped in a broad trading range between $18 and $26 for nearly six years, with only brief excursions outside. Those excursions never seem to last very long before DLP gets sucked back into the range. So what's different? Why is DLP now considered a Momentum stock? There are several important factors. First, the rally now is earnings driven with solid fundamental improvements supporting the move. Second, the stock broke out of its range explosively, leaving a gap to the upside on the day of its earnings announcement. Volume was extremely high. Clearly this stock has turned around both fundamentally and technically. Buying stocks breaking out of long-term sideways trading ranges can be very profitable. Many investors have long since given up on these stocks and moved on to others. There is no obvious upside resistance. Finally, as Momentum traders know, stocks in a trend, like DLP, tend to stay in that trend. Fortunately for DLP, it's currently in an uptrend. Background Delta and Pine Land Company is primarily engaged in the breeding, production, conditioning and marketing of proprietary varieties of cotton-planting seed in the United States and other cotton-producing nations. The company also breeds, produces, conditions and distributes soybean-planting seed in the United States. The company has used its extensive classical plant-breeding programs to develop a gene pool necessary for producing cotton varieties with improved agronomic traits important to farmers and textile manufacturers. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(LTD) - In the three quarters in which the company surprised to the upside, it did so by an average margin of 18.8%

Limited Brands, Inc. (LTD) recently crushed analysts' earnings expectations by 38.9% in the first quarter of 2006. The Board of Directors recently approved an additional $100 million share repurchase program and a quarterly cash dividend of 15 cents per share. This Zacks #1 Rank stock is currently yielding 2.4% and has a five-year average dividend yield of 2.3%. Earnings per share are forecasted to grow 11.8% over the next 3-5 years. Full Analysis Limited Brands, Inc. sells women's intimate apparel, personal care and beauty products, and women's and men's apparel through its retail stores and direct response businesses. The company's six retail brands include: Victoria's Secret, Express, Bath & Body Works, The Limited, The White Barn Candle Co. and Henri Bendel. LTD operates more than 3,800 stores. LTD met or topped the Street's earnings estimate for the past four quarters. In the three quarters in which the company surprised to the upside, it did so by an average margin of 18.8%. Earnings per share grew 13.2% over the past five years and are forecasted to grow 11.8% over the next 3-5 years. On May 17, 2006, LTD reported first-quarter profits of $99.4 million, or 25 cents per share. The results bettered analysts' expectations by an impressive 38.9%. Net sales rose to $2.08 billion, compared to $1.98 billion in the prior-year period. Same-store sales, or sales from stores open at least one year, jumped 5%. The company noted that it's Victoria's Secret brand led the way, accounting for over half of LTD's total first-quarter revenues. June same-store sales missed analysts' projections but were up 3%. For the 22 weeks ended Jul 1, 2006, same-store and total sales increased 5% and 6%, respectively. Looking ahead, the company expects sales growth in the "mid-single-digit" range for July. On Jun 29, 2006, the Board of Directors at LTD approved an additional $100 million share repurchase program. With $70 million of its current outstanding $100 million share repurchase program completed, the new buyback will commence once the existing program has been exhausted. The consensus earnings estimate for this year currently resides at $1.61. When compared to the consensus of 90 days ago, it has risen 9.5%. Seven analysts submitted upward revisions. Profit forecasts for next year increased 9.1% to $1.80 per share over the same period of time. Eight analysts upped their estimates. On May 22, 2006, the company declared a quarterly cash dividend of 15 cents per share. This represented LTD's 126th consecutive quarterly dividend. The company has a current dividend yield of 2.4% and a five-year average dividend yield of 2.3%. LTD's return on equity is higher than that of the industry average-27% compared to 19%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(CB) - company topped the Street's estimate in 13 consecutive quarters and in 15 out of the past 16

The Chubb Corporation (CB) beat analysts' earnings expectations for an impressive 13 straight quarters, most recently by 29.1%. The company has a current dividend yield of 2.0% and a five-year average dividend yield of 2.1%. CB has a return on equity of 15%, compared to the industry average of 11%. Full Analysis The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals around the world. The company operates through three segments: commercial insurance, specialty insurance and personal insurance. CB has a nearly impeccable track record of exceeding analysts' earnings expectations. The company topped the Street's estimate in 13 consecutive quarters and in 15 out of the past 16. Earnings per share are forecasted to grow 10.1% over the next 3-5 years. On Apr 24, 2006, CB surprised to the upside by an impressive 29.1% when it posted first-quarter profits of $1.42 per share. When compared to the company's prior-year period, earnings were up 27.9%. Underwriting income soared 68.0% to $536 million while investment income rose 11.2% to $348 million. The company is expected to release its results for the second quarter on Jul 25, 2006. The consensus earnings estimate for this year increased 7.6% to $4.80 per share over the past 90 days and reflects upward revisions by six analysts. Profit forecasts for next year currently sit at $4.87-representing a 3.6% jump over the same period of time. Five analysts revised their estimates upward. On Jun 9, 2006, the Board of Directors at CB announced a quarterly dividend in the amount of 25 cents per share. The company has a current dividend yield of 2.0% and a five-year average dividend yield of 2.1%. CB increased revenues for the past seven years and grew profits for the past four. The company has been more profitable than its peers, with a return on equity of 15%, compared to 11% for the industry. CB is a Zacks #2 Rank (Buy) stock. Zacks #2 Rank stocks have generated an average annual return of 22.0% since 1988. Because the Zacks Rank has a market cap bias, Growth & Income investors may find a greater number of large-cap stocks by considering both Zacks #1 Rank (Strong Buy) and Zacks #2 Rank (Buy) stocks in their selection criteria. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(ARXT) - company earned 49 cents per share, 22.5% ahead of expectations and well ahead of last year's loss

Adams Respiratory Therapeutics, Inc. (ARXT) has exceeded earnings estimates in each of the past three quarters, with one of the surprises doubling the consensus estimate. Over the past 60 days, this year's estimates have increased 5.8%, while next year's numbers have jumped 7.2%. The stock is attractively valued at 22.8x next year's estimates of $1.94 per share, below the long-term growth rate of 25.7%, giving the stock a PEG ratio of 0.89. Full Analysis Adams Respiratory Therapeutics, Inc., a specialty pharmaceutical company, engages in the development, commercialization, and marketing of over-the-counter (OTC) and prescription pharmaceuticals for the treatment of respiratory disorders in the United States. Its products include Mucinex SE, a single-ingredient guaifenesin product that thins bronchial secretions; Mucinex DM, an over-the-counter product, which contains guaifenesin and the cough suppressant dextromethorphan; and Mucinex D that contains guaifenesin and the decongestant pseudoephedrine. The company's pipeline products include Humibid, a single-ingredient guaifenesin OTC product; Maximum Strength DM, an OTC combination product containing guaifenesin and dextromethorphan; and Maximum Strength D, which contains guaifenesin and pseudoephedrine. It sells its products principally to wholesalers and retailers, including mass merchandisers, grocery stores, membership clubs, and drug stores. ARXT reported strong fiscal third-quarter earnings in mid-May. The company earned 49 cents per share, 22.5% ahead of expectations and well ahead of last year's loss. Net sales increased 29% to $76.0 million. The Mucinex franchise gained nearly 4 market share points during the 2005-2006 cough/cold season and became the No. 2 product in the cough/cold/allergy/sinus category, according to Information Resources Inc. (IRI) weekly. Michael J. Valentino, president & CEO said, "This has been a quarter of excellent financial performance driven by strong market penetration of the Mucinex franchise. Successful execution in the marketplace was also a key contributor. We also successfully started to penetrate the allergy category with Mucinex D during the quarter, despite new regulatory constraints that restrict access and limit secondary product placement at retail. As expected during the quarter, we also initiated a Phase IIb clinical program for erdosteine, a unique mucoregulator compound." The company has exceeded earnings estimates in each of the past three quarters, with one of the surprises doubling the consensus estimate. Over the past 60 days, this year's estimates have increased 5.8%, while next year's numbers have jumped 7.2%. The stock is attractively valued at 22.8x next year's estimates of $1.94 per share, below the long-term growth rate of 25.7%, giving the stock a PEG ratio of 0.89. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(NNBR) - first-quarter earnings of 22 cents per share, beating the consensus estimate by almost 16%

NN, Inc. only has one analyst following the stock, but he has been increasing earnings estimates. Over the past 60 days, this year's numbers have risen 3.3%, while next year's estimates have increased 4.5%. The stock is attractively valued at 11.4x next year's estimates of $1.15 per share, well below the company's 25% long-term growth rate, giving the stock a PEG ratio of 0.46. Full Analysis NN, Inc. (NNBR) engages in the manufacture and supply of precision bearing components for bearing manufacturers worldwide. The company principally offers precision steel balls in various sizes and grades to antifriction bearing manufacturers for precise spherical, tolerance, and surface finish accuracies; and steel rollers comprising cylindrical rollers for antifriction bearing applications, as well as for nonbearing applications, such as hydraulic pumps and motors. Its roller products include tapered rollers for roller bearings that are used in various applications, including automotive gearbox and wheel bearings, and various industrial applications. The company also provides bearing seals comprising rubber-to-metal bonded bearing seals that are used in various applications for automotive, industrial, agricultural, mining, and aerospace markets; metal and plastic retainers for ball and roller bearings used in various industrial applications; and specialized plastic products, including automotive under-the-hood components, electronic instrument cases, and precision electronic connectors and lenses, as well as various other specialized parts. The company reported first-quarter earnings of 22 cents per share, beating the consensus estimate by almost 16%. Roderick R. Baty, Chairman and Chief Executive Officer commented, "We are very pleased with the financial results for the first quarter of 2006. Each of our business units contributed positively to the excellent operating results. Our Level 3 program continues to play a major role in achieving significant improvements in cost reductions and operating efficiencies. The cost savings realized by this program have allowed us to offset substantially higher energy costs in our global operations as well as start-up expenses associated with our new facility in China." One interesting aspect about this company is that it pays a 2.5% dividend, even though it is a microcap. This is quite telling about management's confidence in the future of the business and its earnings. NNBR only has one analyst following the stock, but he has been increasing earnings estimates. Over the past 60 days, this year's numbers have risen 3.3%, while next year's estimates have increased 4.5%. The company will report second-quarter earnings on July 27. Analysts expect 23 cents per share. The stock is attractively valued at 11.4x next year's estimates of $1.15 per share, well below the company's 25% long-term growth rate, giving the stock a PEG ratio of 0.46. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(ARJ) - Arch Chemicals sets new highs - trading above both the 50-day and 200-day moving averages

Full Analysis Arch will announce results for the June 2006 quarter on Aug 1. Consensus estimates call for EPS of $1.28, or about 24% above the results of the June 2005 quarter. Last quarter, ARJ delivered a 108% positive earnings surprise, so it would not be unexpected to see another positive surprise in the June results. Technical Analysis ARJ had a strong performance on Wednesday as it set new 52-week and six-year highs on very heavy volume. The longer-term trend indicators are all positive as the Moving Average Convergence Divergence (MACD) has turned up. Furthermore, the stock is trading above both the 50-day and 200-day moving averages, which are trending strongly higher themselves. Why do Momentum investors look at longer-term indicators, such as MACD and slower moving averages? Simply because Momentum investors know that a given stock trend is more likely to continue than to reverse. It's one of the reasons that Momentum traders are less afraid to buy stocks making new highs, they know that a stock making a new high is more likely to move higher than to reverse. So long as the longer-trend indicators are moving higher, it's safe to assume that the breakouts to the upside can be followed. Background Arch Chemicals, Inc. is a chemicals manufacturer that supplies value-added products and services to several industries on a worldwide basis. The principal businesses in which the company competes are microelectronic chemicals, water chemicals and performance chemicals. The company's ability and willingness to provide superior levels of technical customer support, the manufacturing flexibility of many of its facilities, and the cultivation of close customer relationships are the common skills on which the company relies in servicing its global markets and customers. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(GFF) - sports a price-to-cash flow ratio of 10.1, versus the industry average of 13

Griffon Corporation's (GFF) lone analyst covering the stock has been raising his earnings estimates for the company. This year's numbers have increased 2.1% to $1.92 over the past 60 days, while next year's estimates have risen 11.1% over the same time period. Full Analysis Griffon Corporation operates as a diversified manufacturing company. It operates in four segments: Garage Doors, Installation Services, Specialty Plastic Films, and Electronic Information and Communication Systems. It distributes its building products through various distribution channels, including installing dealers, retailers, and wholesalers. The company reported a strong fiscal second-quarter fueled by stronger sales and lower costs for some raw materials. GFF said first-quarter net income rose 75 percent to $7.2 million, or 23 cents per share, from $4.1 million, or nine cents per share, in the year-ago quarter. Net sales rose 13.5 percent to $366.2 million from $322.5 million during the same period last year. Sales in each of the company's four segments improved. Sales of garage doors jumped 10 percent to $121.6 million. Installation revenue rose 22.7 percent to $81.6 million, while sales of specialty plastic films increased 1.4 percent to $95.9 million. The electronic information and communication systems unit posted a 27 percent increase to $71.6 million. The lone analyst covering the stock has been raising his earnings estimates for the company. This year's numbers have increased 2.1% to $1.92 over the past 60 days, while next year's estimates have risen 11.1% over the same time period. The stock is quite cheap, trading at just over 10x next year's estimates of $2.50 per share. Additionally, the company's price-to-book ratio is 2.1, below the industry average of 2.8, and well below the S&P 500's of 4.0. GFF also sports a price-to-cash flow ratio of 10.1, versus the industry average of 13. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(PHRM) - exceeded earnings estimates in eight out of the past nine quarters, with each of the positive surprises exceeding 20%

Pharmion Corporation (PHRM) has exceeded earnings estimates in eight out of the past nine quarters, with each of the positive surprises exceeding 20%. Three analysts have raised their numbers for this year. The latest earnings surprise was 111%. The company is losing money, but this year's loss estimate has been reduced from $1.12 per share to 97 cents per share over the past 90 days. PHRM has a long-term growth rate of 29%. Full Analysis Pharmion Corporation is a global pharmaceutical company focused on acquiring, developing, and commercializing products for treating hematology and oncology patients. It has established a regulatory, development, and sales & marketing organization covering the U.S., Europe, and Australia. The company has also developed a distributor network to serve the hematology and oncology markets in two-dozen additional countries throughout the Middle East and Asia. Pharmion has acquired marketing and distribution rights for two drugs - Innohep and Refludan. Innohep belongs to the anticoagulant family of drugs, which are generally prescribed to prevent or treat blood clots. Refludan is an antithrombin agent for the treatment of heparin-induced thrombocytopenia type II. The FDA approval and launch of Vidaza in July 2004 helped Pharmion deliver revenue growth up nearly 70% in 2005 to $221.3 million. The drug was also the driving force behind the company's first year of positive earnings. Vidaza (Azacitidine) is a once a day subcutaneous injection administered for a period of at least 4 weeks. It is approved for the treatment of myelodysplastic syndrome (MDS), a market of about 30,000-40,000 patients in the U.S. At the ASCO annual meeting in June 2006, Pharmion Corporation presented data from seven studies investigating the use of Vidaza in hematologic and solid tumor cancers. The seven studies investigate a variety of uses for Vidaza -- including alternative dosing schedules, and combination use with approved and/or investigational therapies, such as thalidomide, carboplatin and the histone deacetylase inhibitor valproic acid (VPA). The company has exceeded earnings estimates in eight out of the past nine quarters, with each of the positive surprises exceeding 20%. Three analysts have raised their numbers for this year. The latest earnings surprise was 111%. The company is losing money, but this year's loss estimate has been reduced from $1.12 per share to 97 cents per share over the past 90 days. PHRM has a long-term growth rate of 29%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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(HRS) - exceeded analyst expectations for the past five straight quarters

Harris Corp. (HRS) has exceeded analyst expectations for the past five straight quarters by an average margin of 8.1%. In early May, the company reported fiscal third-quarter non-GAAP earnings of 58 cents per share, which was about 7% ahead of the consensus estimate and outpaced the year-prior result. Revenue reached $881 million, a year-over-year increase of 14%. Results for the fourth quarter will be announced on July 26, 2006. Full Analysis Harris Corp. is an international communications and information technology company serving government and commercial markets in more than 150 countries. The company operates in four segments: government communications systems, RF communications, microwave communications, and broadcast communications. HRS has exceeded analyst expectations for the past five straight quarters by an average margin of 8.1%. Earnings per share have grown 33% over the past five years and are forecasted to grow 14% over the next 3-5 years. On May 1, 2006, the company released fiscal third-quarter financial results. Non-GAAP earnings per share totaled 58 cents, which was about 7% ahead of the consensus estimate and outpaced the year-prior result. Revenue reached $881 million, a year-over-year increase of 14%. The company mentioned that new orders were extremely strong in the quarter, setting the stage for continued revenue growth going forward. Results for the fourth quarter will be announced on July 26, 2006. Harris raised its non-GAAP earnings guidance for its fiscal year from a previous range of $2.05 to $2.15 per share to a new outlook of $2.13 to $2.18. The company's forecast is inline Wall Street estimates. Current analysts' projections of $2.17 per share are four cents above the level of three months ago. On April 28, 2006, Harris declared a quarterly dividend of eight cents per share. The company's current dividend yield stands at 0.8%, while its five-year average dividend yield is 0.81%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home

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