Matrixx Initiatives, Inc.

Companies highlighted in this weekly wrap include Matrixx Initiatives, Inc. (MTXX - Snapshot Report), Broadridge Financial Solutions, Inc. (BR - Snapshot Report), Gammon Gold, Inc. (GRS - Snapshot Report), Shanda Interactive Entertainment Ltd. (SNDA - Snapshot Report) and OSG America L.P. (OSP - Snapshot Report).

Matrixx Initiatives, Inc. (MTXX - Snapshot Report) posted impressive third-quarter results in late January, sending its share price above its 6-month high.

Third-Quarter Results

Matrixx Initiatives is fresh off the heels of solid third-quarter results, reported on Jan 26, that were ahead of expectations. Revenue was up 26% from last year to $38.7 million. Net income spiked higher, jumping to $4.8 million from a loss of $635,000 in the same period last year. This produced earnings of 50 cents per share, far ahead of the consensus estimate of 31 cents.

Consistent Results

This was the fourth time in the last four quarters that Matrixx has beat estimates, having done so by an average of 11 cents, or 28%.

Analyst Estimates

The analyst community is bullish on Matrixx, with the current-year estimate up 12 cents in the last 30 days to $1.39 per share. The next-year estimate is bullish, pegged at $1.60, a 15% earnings growth projection.

The Chart

Shares of MTXX have been on a big rally since finding a short-term bottom in mid January just above $13. Since then, this stock has topped off just a shade below the $19 mark. Take a look below.

Updates to Previous Momentum Zacks Rank Buy Stocks

Broadridge Financial Solutions, Inc. (BR - Snapshot Report) has been on a very nice rally since mid November, with its share price climbing from just above $9 to a recent high near $17 on another strong quarter and a bullish earnings projection. Read Full Article.

Gammon Gold, Inc. (GRS - Snapshot Report) has been rallying as investors brace for the impact of inflation coming back into play due to underlying economic fundamentals. Read Full Article.

Shanda Interactive Entertainment Ltd. (SNDA - Snapshot Report) has been on a roll for the last 2 months, as its stock price rides a wave of bullish analyst sentiment. Read Full Article.

OSG America L.P.'s (OSP - Snapshot Report) share price has more than doubled since bottoming out just above $3 in early December. In the meantime, the current-year estimate continues to advance. Read Full Article.