GRNB - Green Bankshares, Inc -Consensus earnings estimates for both this year and next are up over the past week

Green Bankshares, Inc. (GRNB) exceeded analysts’ earnings expectations in five out of the past six quarters, most recently by 10.7% in the second quarter. In mid May, the Board of Directors declared a 13-cent quarterly cash dividend. This Zacks #1 Rank stock is currently yielding 1.47%. Consensus earnings estimates for both this year and next are up over the past week. GRNB has a price-to-book ratio of 1.9 compared to 4.6 for the market. Full Analysis Green Bankshares, Inc. is the holding company for GreenBank. GreenBank has more than 60 branches across East and Middle Tennessee, one branch each in Bristol, Virginia, and Hot Springs, North Carolina, and a wealth management office in Gallatin, Tennessee. GreenBank also conducts separate businesses through three wholly owned subsidiaries: Superior Financial Services, Inc., a consumer finance company; GCB Acceptance Corporation, a consumer finance company specializing in automobile lending; and Fairway Title Co., a title insurance company. GRNB exceeded analysts’ earnings expectations in five out of the past six quarters by an average margin of 7.5%. In two out of the five aforementioned quarters, the company achieved double-digit percentage earnings surprises. On Jul 16, GRNB announced second-quarter profits of 62 cents per share, surpassing the consensus estimate of 56 cents by 10.7%. The year-over-year improvement was even more impressive—12.7% when compared to earnings of 55 cents per share in the second quarter of 2006. Net interest income came in at $22.9 million, compared to $17.8 million in the prior-year period. Chairman and CEO Stan Puckett stated, "We are pleased with second-quarter operating earnings and the underlying trends that influence future performance. Organic loan growth from the first quarter was a robust 26% on an annualized basis and loan pricing remained solid in the face of intense competition." On May 21, 2007, GRNB announced that it formally closed its merger with Civitas BankGroup, Inc., effective May 18, 2007. GRNB stated that the merger boosts its presence significantly in Middle Tennessee and strengthens the company’s footprint across the state. In mid May, the Board of Directors declared a 13-cent quarterly cash dividend. In last February, the dividend was raised by 8%. The company has a current dividend yield of 1.47%. The consensus earnings estimate for this year currently resides at $2.63, marking a 23-cent improvement when compared to the consensus of a week earlier. Two of the three covering analysts upped their estimates. Profit forecasts for next year have risen by a larger amount—32 cents to $3.06 over the same period of time. Upward revisions were submitted by two of the three covering analysts. Earnings per share are projected to grow 11% over the next 3-5 years, while the industry is expected to grow by 9%. GRNB is currently trading at a valuation of 13.5x current fiscal-year estimated earnings and at 11.6x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.4x current fiscal-year estimated earnings and at 15.3x next fiscal-year estimated earnings. The company has a price-to-book ratio of 1.9 compared to 4.6 for the market. 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| VitalStocks Home

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ALE - ALLETE, Inc - third quarter in a row in which ALE beat the Street’s estimate

ALLETE, Inc. (ALE) exceeded analysts’ earnings expectations for the past three quarters, most recently by 16.3% in the first quarter. Consensus earnings estimates for this quarter and for the full year have risen over the past seven days. On Jul 19, the Board of Directors declared a quarterly cash dividend of 41 cents per common share of stock. This Zacks #1 Rank stock has a price-to-book ratio of 2.1, compared to 4.6 for the market and 2.9 for the industry. Full Analysis ALLETE, Inc., together with its subsidiaries, engages in the generation, transmission, distribution and marketing of electrical power for retail and wholesale customers in the upper Midwest of the United States. On May 4, ALE reported first-quarter profits of 93 cents per share, compared to 68 cents per share in the prior-year period. In addition to the 36.8% year-over-year improvement, the result equated to a 16.3% positive earnings surprise with analysts calling for 80 cents per share. This marked the third quarter in a row in which ALE beat the Street’s estimate. Operating revenues jumped 6.6% to $205.3 million from $192.5 million in the year-ago period. Chairman, President and CEO Don Shippar stated, "We're pleased to begin the year on such a positive note. These results provide a solid foundation for what we expect will be another strong year financially. They're in line with our expectation of earning between $2.95 and $3.05 per share in 2007." Analysts’ optimism about ALE’s future earnings prospects has been on the rise. The consensus earnings estimate for this quarter currently sits at 89 cents. This marks a 20-cent jump when compared to the consensus of only a week earlier. The lone covering analyst upped his projection. For the full year, the consensus estimate currently resides at $3.23. It represents an 11-cent increase over the same period of time. An upward revision was submitted by the only covering analyst. ALE is scheduled to report its second-quarter results on Friday, Jul 27. On Jul 19, the Board of Directors declared a quarterly cash dividend of 41 cents per common share of stock. The dividend will be paid on Sep 1 to shareholders of record as of Aug 15. ALE has a current dividend yield of 3.44%. ALE is currently trading at a valuation of 14.8x current fiscal-year estimated earnings and at 14.5x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.1x current fiscal-year estimated earnings and at 15.0x next fiscal-year estimated earnings. The company has a price-to-book ratio of 2.1, compared to 4.6 for the market and 2.9 for the industry. 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| VitalStocks Home

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LEH - Lehman Brothers Holdings, Inc - topped in 15 of 16 quarters, including seven double-digit earnings surprises

Lehman Brothers Holdings, Inc. (LEH), a Zacks #1 Rank stock, exceeded analysts’ earnings expectations in 15 out of the past 16 quarters. In mid June, the company reported solid second-quarter and year-to-date results. Consensus earnings estimates have risen over the past two months. LEH has a price-to-book ratio of 1.8 compared to 4.6 for the market and 2.0 for the industry. Full Analysis Lehman Brothers Holdings, Inc., through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking and Investment Management. When it comes to beating the consensus earnings estimate, LEH’s track record is extremely impressive. The company topped the Street’s estimate in 15 out of the past 16 quarters, including seven double-digit earnings surprises. On Jun 12, LEH posted second-quarter fiscal 2007 profits of $2.21 per share. With analysts calling for $1.87 per share, the company surprised by a solid 18.2%. The result also represented a 30.8% year-over-year improvement. Revenues increased 25% to $5.51 billion. For the first half of the year, LEH reported record net income of $2.4 billion, or $4.17 per common share, compared to net income of $2.1 billion, or $3.52 per common share for the first half of fiscal 2006. Revenues came in at $10.6 billion, a 19% jump versus the $8.9 billion for the same period last year. Chairman and CEO Richard S. Fuld, Jr. stated, "Our record results for the second quarter and the first half reflect our ongoing commitment to achieving diversified growth. With non-U.S. net revenues representing nearly half of our total net revenues for the quarter, our global platform is stronger and more balanced than ever." Consensus earnings estimates for this quarter and next are each up 12 cents to $1.82 and $1.98, respectively, over the past 60 days. Profit forecasts for this year and next have risen 58 cents and 44 cents to $7.93 and $8.38, respectively, over the same period of time. Earnings per share are projected to grow 11% over the next 3-5 years. On Apr 26, the Board of Directors declared a quarterly cash dividend of 15 cents per share of common stock. LEH is currently yielding 0.89%, with a five-year average dividend yield of 0.70%. LEH is currently trading at a valuation of 8.5x current fiscal-year estimated earnings and at 8.1x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.1x current fiscal-year estimated earnings and at 15.1x next fiscal-year estimated earnings. The company has a price-to-book ratio of 1.8 compared to 4.6 for the market and 2.0 for the industry. 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| VitalStocks Home

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ORCL - Oracle Corp - management promised to boost earnings by at least 20% annually for the next two years

Oracle Corporation (ORCL) has returned over 21% year to date, reflecting increasing earnings estimates, a successful acquisition strategy, and the release of the Oracle Database 11g. Full Analysis Oracle Corporation, the world’s largest enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. The company operates in five segments: New Software Licenses, Software License Updates and Products Support, Consulting, On Demand, and Education. The company distributes its products and services to resellers, system integrators/implementers, consultants, education providers, Internet service providers, network integrators, and independent software vendors. On Jun 26, this Zacks #1 Rank stock reported fiscal fourth-quarter earnings of 36 cents per share, up from 29 cents in the prior-year period and two cents above expectations. The release marked the sixth consecutive quarter in which profit has increased by at least 20%. Adding fuel to the fire, management promised to boost earnings by at least 20% annually for the next two years. Driving the strong earnings growth, revenues totaled $5.83 billion, up 20% from last year. As testament to the company’s strength, sales of new product licenses surged 17% to $2.48 billion, above management’s estimates of a 5% to 15% increase. Full-year earnings rose to 81 cents per share, up 26% from the prior year. Revenues rose 25% to a record $18 billion. Since year-end 2004, Oracle has acquired over 30 software makers, spending more than $25 billion in the process. Company CEO, Larry Ellison, commented that Oracle intends to continue its aggressive expansion strategy. In addition, Oracle has been the largest vendor of heavy-duty database software for years, owning 47.1% of the market compared with only 21.1% for IBM, its closest rival. Earlier this month the company introduced Oracle Database 11g, the newest and highest quality software product Oracle has ever announced. The product is widely expected by analysts to drive a 20% rise in stock price over the next year. Following Oracle’s second consecutive earnings surprise, analysts raised full-year 2008 estimates to $1.15 from $1.10. Next year’s estimates have steadily trended higher as well and currently stand at $1.33, up from $1.23 three months ago. In addition, Zacks ranks the company a number one out of 114 companies in the Computer Software category. Over the last two years, ORCL has performed remarkably well, soaring 40.4% in 2006 and over 21% for 2007, well above the major market indices. After soaring to new highs in November of last year, the stock retraced its gains by roughly 20% before finding support against the 200-day moving average. Since then, ORCL has taken off, surpassing resistance and going on to make new 52-week highs. 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| VitalStocks Home

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KTEC - Key Technology Inc - implied earnings growth rate of 35.5% is more than twice the industry average

Key Technology Inc. (KTEC) is trading at 52-week highs on stronger-than-average volume. With no significant resistance to impede the underlying uptrend, look for the stock to add to its stellar year-to-date return. Full Analysis Key Technology Inc. designs, manufactures and markets process automation systems for food and other industries. This technology integrates automated optical inspection systems, specialized conveyor systems, and processing/preparation systems, as well as research, development and world-class engineering. The company’s markets range from fruit, vegetables, potatoes, snacks, cereals and meat, to tobacco, pet food, plastics and pharmaceutical/nutraceutical manufacturing. On May 3, this Zacks #1 Rank stock reported fiscal second-quarter earnings of 11 cents per share, up from a loss of one cent per share in the prior-year period and three cents above expectations. Fueling the earnings growth, net sales rose 11% to $22.2 million. According to CEO David Camp, “Orders for the first half of 2007 exceeded $55 million. This is attributable to several important factors: the rising global concern regarding food safety and security, the continuing decline of available labor in the food processing industry, the growth of our business in Latin America and the recovery of our business in Europe, and finally, the validation of Key's Symetix pharmaceutical product line.” Also reported, Key’s order backlog was largest in company history. New orders were $32.3 million, up from $27.3 million in the same period last year. Also, the backlog at quarter-end was $33.9 million versus $23.3 million. David Camp expounded, “We are cautiously optimistic as we look at the balance of the year. Orders in our European business have nearly recovered from the poor potato harvest last fall, and both Symetix and our China sales office are now making orders contributions. As we look forward to the remainder of 2007, we are anticipating second half revenues consistent with our plan and spending for the year.” Following Key Technology’s third consecutive double-digit earnings surprise, analysts raised their full-year 2007 estimates by three cents to 93 cents. Next year’s estimates were revised higher as well and currently stand at $1.26, up from 75 cents three months ago. The implied earnings growth rate of 35.5% is more than twice the industry average. In addition, Zacks ranks the company a number one out of three companies in the Machinery-Materials Holding category, which itself ranks a very attractive two out of 217 industries. Year-to-date, KEY has soared over 86%, easily surpassing the stock’s 2006 and 2005 returns of 15.5% and 32.3%, respectively. Currently, KEY is trading in a strong, well defined uptrend and has been for some time. In addition, the stock is trading at 52-week highs, a level not seen since 1996. With no significant resistance to speak of, look for the underlying trend to continue; however, in the event of a pullback, look for support against the 20-day moving average. 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| VitalStocks Home

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ISRG - Intuitive Surgical Inc - All three primary business segments reported greater than 50% increases in revenue

Intuitive Surgical Inc. (ISRG) reported another blow-out quarter, beating estimates by more than 17% and further fueling the stock’s 108% year-to-date return. Furthermore, the medical innovator revised its full-year revenue growth projections, adding more fire to this textbook momentum play. Full Analysis Intuitive Surgical Inc. engages in the design, manufacture and marketing of da Vinci surgical systems for use in urologic, cardiothoracic, gynecologic and general surgeries. The company’s products control intuitive surgical endoscopic instruments and accessories during surgical procedures. Its surgical systems translate the surgeon’s natural hand movements on instrument controls at the console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions or ports, as well as provides surgeons with the intuitive control, range of motion, tissue manipulation capability and 3-D vision characteristic of open surgery, while simultaneously allowing the surgeons to work through the small ports. On Jul 19, this Zacks #1 Rank stock reported second-quarter earnings of 79 cents per share, up from 44 cents in the year-ago period and 12 cents above expectations. Driven by strong procedure adoption, revenues rose 61% to $140.2 million, accelerating from the prior-quarter’s revenue growth of 48% and above analyst estimates of $124.5 million. All three primary business segments reported greater than 50% increases in revenue: Instruments and Accessories revenue rose by 76% to $45.8 million, da Vinci Surgical Systems revenue rose by 54% to $74.1 million, and Service and Training revenues rose by 59% to $20.3 million. Looking ahead, the company expects full-year revenues to grow by 45% to 50%, above prior forecasts of 40% growth, translating into expected revenues of roughly $525.6 million for 2007. On Jun 4, ISRG was upgraded to “Buy” from “Neutral” by a leading investment boutique. The covering analyst cited growing demand for the da Vinci products, as well as more broad use from already installed machines. Also, with research showing fewer side effects with prostate surgery, further studies are expected to be encouraging, adding to the demand for the company’s products. The latest 17.9% earnings surprise marked the third consecutive double-digit earnings surprise and the nineteenth straight quarter Intuitive Surgical has exceeded analysts’ expectations. Following the latest earnings release, full-year consensus estimates were revised upward by 20 cents to $3.02. Next year’s estimates were revised higher as well and currently stand at $4.14, up from $3.76 three months ago. In addition, Zacks currently ranks Intuitive a number one out of 45 companies in the Medical Instruments category. After declining by a disappointing 18% in 2006, ISRG has soared over 108% year-to-date. In fact, the stock has soared 45.8% since its feature as a Momentum play on Jun 7, 2007. The stock is currently trading near record highs on more than twice the normal average volume. It’s only natural to wonder how much higher this innovative company can go. After all, the stock could very well be priced for perfection, making it especially susceptible to any unforeseen bad news. However, with virtually no competition and rising demand for its da Vinci product line, the company’s momentum should continue to the upside. 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| VitalStocks Home

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AOS - A.O. Smith Corp - in 6 of 11 quarters, surprised to the upside by a double-digit percentage

A.O. Smith Corporation (AOS) exceeded analysts’ earnings expectations for 11 consecutive quarters. After reporting impressive second-quarter results, the company raised its full-year 2007 profit guidance to between $2.85 and $3.00 per share. Analysts responded to AOS’s bullish guidance by upping their profit forecasts. On Jul 10, the Board of Directors boosted its quarterly cash dividend by 6% to 18 cents per share. AOS is currently yielding 1.33%. Full Analysis A.O. Smith Corporation is a diversified manufacturer serving customers worldwide. The company is one of the world's leading manufacturers and marketers of residential and commercial water heating equipment. AOS is also one of North America's largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. AOS has a very solid history when it comes to beating analysts’ earnings expectations. The company has topped the consensus estimate for 11 consecutive quarters. In six of the aforementioned 11 quarters AOS surprised to the upside by a double-digit percentage. In one quarter it was able to produce a triple-digit percentage surprise. On Jul 18, 2007, AOS reported second-quarter profits of 77 cents per share. With analysts expecting 72 cents per share, the company recorded a 6.9% positive earnings surprise. When compared to the second quarter of 2006, AOS’s profits were up 8.5%. Revenues grew to $611.5 million from $594.5 million during the same period a year earlier. For the first six months of the year, profits came in at $46.5 million, or $1.50 per share, compared with $40.6 million, or $1.31 per share, for the first six months of last year. Revenues jumped 13.3% to $1.19 billion from $1.05 billion. Chairman and CEO Paul W. Jones stated, "Continued strength in China, improved sales in the global commercial markets, and cost reduction initiatives in both of our businesses more than offset a sluggish U.S. housing market. Despite the weakness in housing, our financial performance during the first half of the year was strong." In addition to posting impressive quarterly results, AOS raised its full-year 2007 profit guidance to between $2.85 and $3.00 per share. Analysts responded to the company’s bullish guidance by upping their profit forecasts. The consensus earnings estimate for this year currently sits at $3.03. When compared to the consensus of seven days ago, it has jumped 18 cents and reflects upward revisions by both of the covering analysts. Estimates for next year have also risen 18 cents to $3.44 over the same time period. Both of the covering analysts boosted their forecasts. Earnings per share are projected to grow 11% over the next 3-5 years. On Jul 10, the Board of Directors boosted its quarterly cash dividend by 6% to 18 cents per share. The dividend is payable on Aug 15 to stockholders of record as of Jul 31. AOS has a current dividend yield of 1.33%. The company’s return on equity of 11% is in line with that of the industry average. 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| VitalStocks Home

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SGP - Schering-Plough Corp - topped the Street’s estimate in five out of the past six quarters by an average margin of 35.2%

Schering-Plough Corporation (SGP) exceeded analysts’ earnings expectations in five out of the past six quarters by an average margin of 35.2%. The company recently reported strong second-quarter results, with seven out of its 10 largest-selling products posting double-digit sales growth. Analysts have upped their profit forecasts for this year and next over the past week. This Zacks #1 Rank stock has a current dividend yield of 0.84%. Full Analysis Schering-Plough Corporation engages in the discovery, development, manufacture and marketing of drug therapies. The company specializes in anti-infective, anticancer, allergy/respiratory and cardiovascular products. In addition, the company makes foot-care products under the Dr. Scholl’s brand and sun-care products under the Coppertone label. When SGP beats analysts’ earnings expectations, it usually does so by quite a large margin. The company topped the Street’s estimate in five out of the past six quarters by an average margin of 35.2%. In four out of the five aforementioned quarters the company was able to produce double-digit percentage surprises. On Jul 23, SGP posted second-quarter earnings per share of 41 cents—beating the consensus earnings estimate of 34 cents by 20.6% and soaring past last year’s result by 64.0%. The company stated that seven out of its 10 largest-selling products, including VYTORIN and ZETIA, posted double-digit sales growth in the quarter. Revenues increased to $3.18 billion from $2.82 billion in the second quarter of 2006. For the first six months of the year, profits came in at $1.06 billion, or 70 cents a share, versus $587 million, or 40 cents a share, last year. Revenues grew to $6.2 billion from $5.4 billion in 2006. Chairman and CEO Fred Hassan stated, "Schering-Plough's second-quarter performance shows clearly that we have sustained our momentum. Our strategy to grow the top line is succeeding—we have now recorded our 11th consecutive quarter of double-digit adjusted sales growth. Our strong top-line growth combined with financial discipline have produced superior EPS growth." The consensus earnings estimate for this year currently sits at $1.34, representing a six-cent increase over the past week. Out of 18 covering analysts, twelve recently raised their estimates. Profit forecasts for next year are up five cents to $1.58 over the same period of time, with upward revisions being submitted by 11 of the 17 covering analysts. Earnings per share are projected to grow 21% over the next 3-5 years, with the industry expected to grow at a 20% clip. On Jun 26, the Board of Directors declared a quarterly cash dividend of 6.5 cents per common share of stock. Payment will be distributed on Aug 28 to shareholders of record as of Aug 3. The company has a current dividend yield of 0.84%. SGP’s return on equity, a common measure of profitability, tops that of the industry average—24% compared to 19%. 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| VitalStocks Home

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SNA - Snap-on Inc - surprised by a double-digit percentage for the last seven quarters

Snap-on Incorporated (SNA) topped the consensus earnings estimate for the past 12 quarters and in 14 out of the past 16. It most recently surprised by 20% when it posted second-quarter profits of 90 cents per share. Consensus earnings estimates are up for both this year and next year over the past 30 days. Earnings per share are projected to grow 10% over the next 3-5 years. SNA has a current dividend yield of 1.94%. Full Analysis Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users. Product lines include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle manufacturers, dealerships and repair centers, as well as customers in industry, government, agriculture and construction. SNA exceeded analysts’ earnings expectations for the past 12 quarters and in 14 out of the past 16. The company managed to surprise by a double-digit percentage for the last seven quarters. On Jul 24, SNA surprised to the upside by 20.0% when it reported second-quarter profits of 90 cents per share. Compared to earnings of 60 cents in the prior-year period, the result marked a 50.0% year-over-year improvement for the company. Net sales jumped 14.5% to $711.9 million from $621.7 million in the second quarter of last year. It is important to note that the company reported increases across all business segments. Chairman and CEO Jack D. Michaels stated, "We are pleased with the progress that is being made in executing our strategies. Our second-quarter results reflect the continued progress our associates are making toward improving customer service, strengthening our brands, improving our global supply chain and reducing overall complexity and cost." The consensus earnings estimate for this year currently sits at $2.78, representing a three-cent increase over the past month. One analyst raised his estimate. Profit forecasts for next year are up six cents to $3.16 over the same period of time, with an upward revision being submitted by one analyst. Earnings per share are projected to grow 10% over the next 3-5 years. On Apr 30, the Board of Directors declared a quarterly cash dividend of 27 cents per share. SNA has distributed consecutive quarterly dividends, without interruption or reduction, since 1939. The company is currently yielding 1.94%. 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| VitalStocks Home

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LRW - Labor Ready, Inc - Seven analysts have raised their forecasts for this year, while five have done so for next year

Labor Ready is a company that is enjoying strong momentum. The company has exceeded earnings estimates in 15 straight quarters. Year-over-year growth has routinely surpassed 20% over that stretch. Seven analysts have raised their forecasts for this year, while five have done so for next year. Over the past week, this year's estimates have risen eight cents to $1.47 per share. The stock has an impressive ROE of 22%. Full Analysis Labor Ready, Inc. (LRW) provides temporary employees for manual labor, light industrial, and skilled construction trades. As of December 29, 2006, it had put approximately 600,000 people to work through 912 branches located in the United States, Canada, Puerto Rico, and the United Kingdom. The company serves small and mid-sized businesses in the construction, warehousing, hospitality, landscaping, transportation, light manufacturing, retail, wholesale, facilities, and sanitation industries. LRW posted higher second-quarter profit last Wednesday, as robust demand for workers boosted the blue-collar staffing company's results. Labor Ready's profit rose to $18.8 million, or 41 cents per share, from $18.6 million, or 35 cents per share, a year earlier. Results topped Wall Street expectations of 35 cents per share in profit and sales of $342.4 million. The company offered a strong forecast for the third quarter and full year, following second-quarter results that topped Wall Street estimates. For the third quarter, Labor Ready expects profit between 48 cents and 50 cents per share and sales between $390 million and $395 million. Wall Street expects profit of 49 cents per share and $388.4 million in sales. "During 2007, we have been experiencing positive momentum in our same branch sales growth as a result of the increased sales activity we started in the fourth quarter of 2006," said Labor Ready CEO Steve Cooper. "We are pleased with the growth trends in same branch revenue since growing average branch revenue and profitability is our main priority." Additionally, during the quarter the company purchased approximately 0.9 million shares of its outstanding common stock for $18 million, which leaves $93 million available to purchase additional shares under the current share purchase authorization. Since the beginning of 2006, the company has purchased approximately 9.2 million shares of its common stock at the cost of $184 million. 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| VitalStocks Home

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VPRT - VistaPrint - customized printed products to small businesses - revenue that jumped 67%

VistaPrint has exceeded earnings estimates in each of the past six quarters, with five of them posting double-digit surprises. One analyst raised his forecast for this year. Earnings estimates for next year have risen five cents to 93 cents per share over the past month. Analysts forecast robust earnings growth of 33.67% over the long term. VPRT also has an above-industry average ROE of 20%. Full Analysis VistaPrint Limited (VPRT) provides graphic design services and customized printed products to small businesses and consumers online worldwide. It offers various products, including business cards, announcements, brochures, calendars, data sheets, folded cards, envelopes, holiday cards, flyers, invitations, letterhead, magnets, logo creation, note cards, mailing labels, note pads, newsletters, photos, presentation folders, return address labels, standard and oversized postcards, and rubber stamps. The company's customers can use graphic design software to create and order printed products in its Web sites. Its customers also have access to graphic designs, content suggestions, logo design services, design templates, and approximately 70,000 photographs and illustrations. In late-April, the company announced that fiscal third-quarter earnings grew 33% to 16 cents per share, on revenue that jumped 67% to $69.3 million. The third quarter of fiscal 2007 was the Company's 27th consecutive quarter of organic sequential revenue growth. An interesting fact was that the number of new customers totaled more than 800,000 in the quarter, representing the greatest number of new customers in a single quarter in operating history. In terms of guidance, the company expects fourth quarter revenues in the range of $71 million to $74 million. For the full year the company expects revenue to be $254 million to $257 million. VistaPrint will release fourth-quarter results on July 31. "VistaPrint delivered another outstanding quarter," said Robert Keane, president and chief executive officer. "Our results confirm the power of our value proposition in this very large market." Continuing, Mr. Keane stated, "Our business is growing rapidly and we continue to invest for significant growth. We seek to build a transformational business and remain focused on the long term." 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| VitalStocks Home

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MOGN - MGI Pharma - a biopharmaceutical company - exceeded analyst expectations by an average of 245% over the past two quarters

MGI Pharma is in a hyper-growth phase. The company has exceeded analyst expectations by an average of 245% over the past two quarters. Earnings are expected to grow 251% from last year to this year, and jump another 81.7% next year. Over the past 60 days, this year's earnings estimates have risen 13 cents to 38 cents per share. Analysts project that the company will grow 32.33% over the long term. Full Analysis MGI PHARMA, INC. (MOGN), a biopharmaceutical company, engages in the discovery, acquisition, development, and commercialization of proprietary pharmaceutical products in the areas of oncology and acute care in the United States. Its products include Aloxi injection for the prevention of chemotherapy-induced nausea and vomiting (CINV); and Dacogen for Injection, for the treatment of patients with myelodysplastic syndrome. The company's products in various phases of clinical trials comprise Aquavan Injection for sedation of patients undergoing diagnostic or surgical procedures; Aloxi Injection for the prevention of post operative nausea and vomiting; and Aloxi Oral Capsule Formulation for the prevention of CINV. In mid-July, the stock rose after the company said it swung to a second-quarter profit, shaking off an impairment charge from a year earlier and seeing higher sales of its bone marrow disease treatment Dacogen. The company earned $2.1 million, or five cents per share. The swing was partly due to lower costs. Also, product sales rose to $90.9 million, with about a third of the sales coming from Dacogen. Those improvements came a year after the company had an impairment charge of about $9.9 million from an equity investment in SuperGen Inc. Analysts expected a loss of two cents per share. "We are extremely pleased with our results for the second quarter," said Lonnie Moulder, President and Chief Executive Officer of MGI PHARMA. "Aloxi sales increased versus the prior quarter despite the transient disruption in the CINV market, and we are greatly encouraged by the strong performance of Dacogen, which continued to gain share in the market for treatment of MDS. The sNDA for Aloxi in the post-operative nausea and vomiting indication was accepted for filing by the FDA, and we remain on track to submit our NDA for Aquavan during the third quarter". Sales of Dacogen totaled $30.2 million in the second quarter, its fourth full quarter of commercial availability, and represented 31% growth versus the first quarter. Sales of Gliadel® Wafer (polifeprosan 20 with carmustine implant) were $10.5 million for the second quarter of 2007, compared to $8.4 million in the second quarter of 2006. When compared to the first quarter of 2007, this result represented an 8% sequential increase. 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| VitalStocks Home

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ETN - Eaton Corp - history of beating analysts’ earnings expectations - beat 14 out of the past 16 quarters

Eaton Corporation (ETN) exceeded analysts’ earnings expectations in 14 out of the past 16 quarters. The company recently boosted its full-year outlook by 30 cents for both its net income per share and operating earnings per share. Consensus estimates have risen over the past seven days. Earnings per share are projected to grow 10% over the next 3-5 years. ETN has a price-to-book ratio of 3.4, compared to 4.8 for the market. Full Analysis Eaton Corporation is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. ETN’s history of beating analysts’ earnings expectations is quite solid. In fact, the company beat the Street’s estimate in 14 out of the past 16 quarters. In the two quarters in which ETN failed to surprise to the upside, it did manage to match the consensus estimate. On Jul 16, ETN reported second-quarter profits of $1.70 per share, compared with $1.68 per share during the same period a year earlier. The Street was expecting $1.46 per share, equating to a 16.4% positive earnings surprise. Revenues climbed 3.8% to $3.25 billion versus $3.13 billion in the second quarter of last year. Chairman and CEO Alexander M. Cutler stated, "We are very pleased with our second-quarter results, which substantially exceeded our guidance. As we survey our end markets, the year is shaping up to be in line with our initial forecast. We see slightly stronger growth in the electrical markets, offset by weaker-than-anticipated conditions in the North American hydraulics markets." For the full year the company boosted its outlook by 30 cents for both its net income per share and operating earnings per share to between $6.50 and $6.70 for net income per share and between $6.75 and $6.95 for operating earnings per share. Consensus earnings estimates for this quarter and next are up four cents and seven cents to $1.65 and $1.82, respectively, over the past week. Six analysts upped their estimates for this quarter and nine did so for next quarter. Profit forecasts for this year and next experienced 33-cent and 31-cent increases to $6.77 and $7.55, respectively, over the same period of time. Eight analysts upped their estimates for this year while nine followed suit for next year. Earnings per share are projected to grow 10% over the next 3-5 years. ETN is currently trading at a valuation of 15.1x current fiscal-year estimated earnings and at 13.5x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.4x current fiscal-year estimated earnings and at 15.4x next fiscal-year estimated earnings. The company has a price-to-book ratio of 3.4, compared to 4.8 for the market. ETN’s return on equity more than doubles that of the industry average—23% compared to 11%. 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| VitalStocks Home

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BNS - Bank of Nova Scotia - after a third consecutive earnings surprise, analysts raised the bank’s full-year 2007 earnings estimates

Bank of Nova Scotia (BNS) has risen over 10% year to date, reflecting a third consecutive earnings surprise, increasing estimates for the this year and next, and continued geographic expansion. Not to mention, the bank trades at an attractive discount to the market. Full Analysis The Bank of Nova Scotia provides a range of retail, commercial, corporate, investment and wholesale banking services. It also provides its retail, commercial, corporate, and trade finance services in the Caribbean and Central America, Mexico, Latin America, and Asia. Further, the bank, through its subsidiary, Scotia Capital, Inc., offers wholesale banking, cash management, trade finance, correspondent banking, and corporate lending products to corporate, government, and institutional clients across the NAFTA region, as well as in other selected markets worldwide. As of January 31, 2007, the bank operated 2,225 branches and offices, serving roughly 12 million customers in 50 countries around the world. On May 29, this Zacks #1 Rank stock reported second-quarter earnings of 90 cents per share, beating analyst expectations of 85 cents, a 5.88% earnings surprise. Total revenues rose to $3.102 billion $2.717 billion in the year-ago period. According to CEO Rick Waugh, “Our strategy of diversification across business lines and by geography continued to produce solid results. Domestic Banking, Scotia Capital and International Banking experienced strong asset growth, resulting in higher net interest income. As well, this quarter's results benefited from the positive contributions of recent acquisitions and low levels of credit losses.” The bank recently expanded its Asia-Pacific presence by purchasing 24.99% of Thanachart Bank, Thailand’s eighth-largest bank and leading automobile lender. While BNS has operated in Thailand since 1981, the purchase gives BNS further exposure to the rapidly growing banking sector. Thanachart has the fastest growing branch network among the Top 10 banks in Thailand. It also maintains a 24% market share for new automobile loans. In all, the investment in Thailand is being seen as a catalyst for future growth in the country’s financial sector. After reporting the third consecutive earnings surprise, analysts raised the bank’s full-year 2007 earnings estimates to $3.66 from $3.50. Since then, estimates have been revised once again by two cents to $3.68. Estimates for next year have followed a similar trend, rising to $4.05 from $3.62 over the last 90 days. Furthermore, Zacks ranks the company a number one out of 44 companies in the Foreign Banks category. BNS is currently trading at a valuation of 13.5x current fiscal-year estimated earnings and at 12.3x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.3x current fiscal-year estimated earnings and at 15.2x next fiscal-year estimated earnings. The company has a price-to-book ratio of 3.1, compared to 4.6 for the market. Lastly, BNS is outperforming the S&P 500 for 2007, returning 10.8%, compared to 8.2% for the major market average. 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| VitalStocks Home

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ABV - Companhia de Bebidas das Americas - Analysts have raised Ambev’s full-year 2007 and 2008 estimates repeatedly over the last three months

AmBev (ABV) has soared over 52% year to date, reflecting positive earnings estimate revisions for both 2007 and 2008. Look for the positive momentum to continue, with a breakout from near-term resistance being a particularly bullish technical development. Full Analysis Companhia de Bebidas das Americas, or AmBev, engages in the production, distribution and sale of beer, carbonated soft drinks, and non alcoholic and non carbonated products in Latin America and Canada. The company also sells isotonics, iced tea, and bottled water, as well as offers malt and by-products to third parties. It also bottles, sells, and distributes PepsiCo International Inc.'s products outside the U.S. Ambev distributes its products through third-party distributors and the company's direct distribution centers in 14 countries across the Americas. The company is also the fifth largest brewer in the world. On May 10, this Zacks #1 Rank stock reported first-quarter earnings of 79 cents per share, up from 66 cents in the year ago period, an 18.8% increase. Driving the earnings growth, revenues rose 17.3% to $4.655 billion. Also, Ambev’s market share grew to 67.6% during the first quarter, while overall sales volume increased 5.1%. Beer operations in Brazil showed the strongest results, with EBITDA growing 9.5%. Beer Brazil also accounts for the largest overall percentage of net revenues at 51.3%. Analysts have raised Ambev’s full-year 2007 and 2008 estimates repeatedly over the last three months. This year’s forecast currently stands at $2.58, up from $2.23 three months ago. Estimates for next year have followed a similar trend, rising to $3.24 from $2.55 over the same period. In addition, Zacks ranks the company a number one out of 14 companies in the Beverages-Alcoholic category, which itself rates a very attractive 17 out of 217 industries. ABV has climbed over 52% year to date, following average annual returns of 41% over the previous four years. After soaring to new highs in mid-June, the stock summarily slipped roughly 12% before rebounding from the 50-day moving average. ABV is currently trading at the 52-week high. An upside breakout from these levels would be particularly bullish and should result in further price acceleration. 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| VitalStocks Home

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EXM - Excel Maritime Carriers Ltd - analysts raised their full-year 2007 estimates - Since then, estimates have been revised upward three times

Excel Maritime Carriers Ltd. (EXM) is trading at 52-week highs on rising earnings estimates, continued fleet expansion and renewal, and strong fundamentals in the dry bulk market. The stock’s momentum is impressive, as EXM has soared over 48% in July alone. As such, investors should monitor new positions carefully, maintaining disciplined entry and exit points. Full Analysis Excel Maritime Carriers Ltd. engages in the ownership and operation of dry bulk carriers, and in the provision of seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, bauxite, fertilizers, and steel products worldwide. As of July 19, 2007, the company's fleet consisted of 18 vessels including: 10 Panamax, six Handymax, and two Supramax vessels, with a total carrying capacity of 1,074,022 deadweight tonnage. On May 22, this Zacks #1 Rank stock reported first-quarter earnings of 61 cents per share, up from 37 cents in the prior-year period and one cent above expectations. Also, revenues rose 22% to $36 million, also surpassing estimates of $35 million. Higher charter rates led to the earnings surprise, as the company operated an average of 17 vessels during the quarter, unchanged from the prior year, but earned a blended average time charter equivalent rate of $22,485 per day, up from $18,289 per day. Lastly, the company instituted a dividend policy, declaring a first-quarter dividend of 20 cents with plans to distribute this fixed amount quarterly. On Jul 6, Excel announced the signings of new charter contracts including: a Panamax dry bulk carrier for 23 to 25 months at $39,000 per day and a Handymax dry bulk carrier for 22 to 24 months at $30,000 per day. The company also recently announced the acquisition of two Supramax vessels, increasing its fleet to 18 vessels. Christopher Georgakis, CEO, commented that the acquisitions further the company’s fleet expansion and renewal strategy and they will continue to seek additional growth opportunities going forward. After the latest earnings release, analysts raised their full-year 2007 estimates to $2.56 from $2.45. Since then, estimates have been revised upward an additional three times and currently stand at $2.98. Next year’s estimates have followed a similar trend, rising to $3.31 from $2.73 over the last three months. In addition, Zacks ranks the company a number one out of 44 companies in the Transportation-Shipping category, which itself ranks a very attractive 21 out of 217 industries. Year-to-date, EXM has skyrocketing over 156%, smashing the market averages, as well as many of its peers. In fact, the stock has climbed over 48% in July alone, and is currently trading at 52-week highs on much stronger than average volume. While the momentum is clearly to the upside and the industry in general is showing no signs of weakness, investors should monitor positions closely, using well defined entry and exit points to manage both profits and potential losses. NATI’s return on equity tops that of the industry average—14% compared to 10%. 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| VitalStocks Home

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NATI - National Instruments Corp - beat earnings expectations in 10 out of the past 11 quarters by an average margin of 12.0%

National Instruments Corporation (NATI) topped the Street’s earnings estimate in 10 out of the past 11 quarters by an average margin of 12.0%. Consensus earnings estimates for both this year and next have been on the rise for this Zacks #1 Rank stock. Steadily increasing free cash flows over the past few years helped the company increase shareholder value through dividend payments and share buybacks. NATI is currently yielding 0.81%. Full Analysis National Instruments Corporation engages in the design, development, manufacture and marketing of instrumentation software, and specialty computer plug-in cards and accessories. The company operates primarily in North America, Europe and the Asia Pacific. NATI exceeded analysts’ earnings expectations in 10 out of the past 11 quarters by an average margin of 12.0%. In seven out of the 10 aforementioned quarters, the company managed to produce double-digit percentage earnings surprises. Earnings per share grew 25.3% over the past five years. On Apr 26, NATI produced a 4.6% positive earnings surprise when it posted first-quarter profits of 23 cents per share. Analysts were calling for 22 cents. Compared to the prior-year period, earnings soared 43.8%. Revenues came in at $172 million. The company posted revenues of $155 million in the first quarter of 2006. NATI is scheduled to release its second-quarter results on Jul 26. President and CEO Dr. James Truchard stated, "We believe our strategy of increased investment in R&D over the last six years has allowed us to significantly outperform our competitors during this weaker period for the industry." Consensus earnings estimates for both this year and next have been on the rise. Profit forecasts for this year increased two cents to $1.16 over the past seven days, and reflect upward revisions by two analysts. Estimates for next year currently reside at $1.34 and represent a two-cent increase over the same period of time. Two analysts also upped their estimates. Steadily increasing free cash flows over the past few years helped the company increase shareholder value through dividend payments and share buybacks. The Board of Directors declared a quarterly cash dividend of seven cents per share. NATI is currently yielding 0.81%, with a five-year average yield of 0.56%. During the first quarter, the company repurchased 1,057,000 shares of its common stock for a total cost of $29 million. NATI’s return on equity tops that of the industry average—14% compared to 10%. 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| VitalStocks Home

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PLL - Pall Corp - third-quarter profit more than doubled due to cost cutting and strong sales

Pall Corporation has exceeded earnings estimates in each of the past two quarters by an average margin of about 26%. The company isn't heavily followed, but one major broker increased its estimates for both this year and next. Over the past 60 days, this year's estimates have risen 14 cents to $1.82 per share. Next year's numbers have also jumped 19 cents to $2.10 per share. The stock has an ROE of 17% compared to its industry average of 6%. PLL has a dividend yield of 1%. Full Analysis Pall Corporation (PLL), together with its subsidiaries, manufactures and markets filtration, purification, and separation products and integrated systems solutions worldwide. It operates in five segments: Medical, BioPharmaceuticals, General Industrial, Aerospace, and Microelectronics. In late-May, the company said its third-quarter profit more than doubled due to cost cutting and strong sales in both its industrial and life sciences divisions. For the quarter ended April 30, net income grew to $67.1 million, or 53 cents per share, from $25.2 million, or 20 cents per share in the prior year period. Analysts only expected 43 cents per share. Revenue rose 10% to $559.4 million from $510 million in the third quarter of 2006. The company attributed some of its profit boost to cost cutting initiatives that helped expand margins. Pall also credited a 15% sales rise in its biopharmaceuticals area -- part of its life sciences division -- with the strong quarter. Sales in the company's industrial division -- its biggest -- rose 9% while sales in the life sciences segment climbed 11%. Gross margins, a key metric, improved to 47.1% compared with 44.8% last year driven by sales and manufacturing initiatives, particularly in the systems area. In addition, product mix was favorable to gross margin in the quarter. S,G&A improved by 2% as a percentage of sales to 28.5% reflecting top-line leverage and cost reduction initiatives. Operating profit increased 49% to $54.2 million and operating margin improved to 16.4% from 12.0% last year. Eric Krasnoff, Chairman and CEO, stated, "Execution of our strategic plan is driving improvements to the top and bottom line. Pall's Total Fluid Management(sm) value proposition is resonating with customers. The benefits from pricing, productivity improvement and cost reduction initiatives have driven operating profit growth of 35%." 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| VitalStocks Home

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LNN - Lindsay Corp - quarter was boosted by strong demand for irrigation equipment in the U.S. and higher prices

Lindsay Corporation is riding the wave of the agricultural boom to greater profits. Farm equipment spending is healthy and getting better, which should help Lindsay's pricing. Over the past month, this year's earnings estimates have jumped 27 cents to $1.35 per share. There is only one analyst covering the stock, so the "neglected firm" effect could work in the company's favor. The analyst projects 15% long-term earnings growth for the company. Full Analysis Lindsay Corporation (LNN), through its subsidiaries, engages in the design and manufacture of self-propelled center pivot and lateral move irrigation systems for the agricultural industry in the United States and internationally. The company also manufactures mini-pivots. Its products are used by farmers to stabilize crop production while conserving water, energy, and labor. In addition, it manufactures and sells infrastructure products, including movable barriers for lane management to reduce traffic congestion. LNN just announced that its Board of Directors has declared an 8% increase in its regular quarterly cash dividend to $0.07 per share, payable August 31, 2007, to shareholders of record on August 17, 2007. The regular quarterly cash dividend was previously $0.065 per share. The new annual indicated rate is $0.28 per share, up from the previous annual indicated rate of $0.26 per share. In mid-June, LNN said its fiscal third-quarter earnings increased nearly 17% on higher irrigation equipment pricing and increased demand. For the three months ended May 31, net income climbed to $7.5 million, or 62 cents per share, up from $6.4 million, or 55 cents per share, in the year-ago period. Revenue was $93.2 million, up 24% from $75 million in the third quarter of 2006. The company said the quarter was boosted by strong demand for irrigation equipment in the U.S. and higher prices. Rick Parod, the Company's chief executive officer, stated, "While current drought conditions have eased in much of the irrigated agricultural market in the U.S., irrigation equipment demand has remained firm. An improved pricing environment has allowed us to recover material increases while continuing to improve margins through our cost reduction initiatives. I am also pleased with the first full quarter results from Snoline." 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| VitalStocks Home

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INTU - Intuit, Inc - gathers customer suggestions in order to improve existing products and services

Intuit has met or exceeded earnings estimates in 16 straight quarters. Seven of those periods have resulted in double-digit positive surprises. Three analysts have raised their numbers for both this year and next. Over the past 90 days, this year's estimates have increased nine cents to $1.30 per share. The stock sports an excellent ROE of 25%. Full Analysis Intuit, Inc. (INTU) offers small business accounting, personal finance, and tax preparation software for accountants, small businesses, and consumers. In addition to these software packages, Intuit also designs industry-specific accounting and management tools for the construction and real estate industries as well as wholesale distribution organizations. These include payroll services, financial supplies, and software for professional tax computation. Intuit's strategy is to sell more to existing customers and to capture new ones. Through its Net Promoter methodology, Intuit gathers customer suggestions in order to improve existing products and services. This level of responsiveness engenders loyalty in its customers, and their word-of-mouth publicity creates new customers. Another approach, called CDI (customer-driven invention), enables Intuit to create new products and services. Intuit has been successful in creating products that are simple to use and designed to meet the needs of underserved segments of the market. Management is pursuing a number of strategies to capitalize on the growth potential of its TurboTax product line. First, Intuit is focused on retaining customers. It has replaced tax jargon with plain English and has made customer service agents more available. Moreover, the company is seeking new ways of growing sales. Customers prefer buying bundles; therefore, the company will offer both state and federal tax prep in one box at retail. Also, offering a rebate versus net price does not significantly affect purchasing behavior. As a result, tax rebates have been eliminated. The acquisition of Digital Insight closed on February 6th; it is now a wholly-owned subsidiary of Intuit. The business, combined with the existing financial institutions group, is now treated as a new segment, Financial Institutions. Financial Institutions revenue was $65 million in the reported quarter. 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| VitalStocks Home

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