Top Performer for Tuesday
Earnings estimates for this year are up approximately 10% in the past 2 months, including a bump of 1.8% in 30 days.
The past 2 months have seen an advance of about 9.2% in expectations for next year. Furthermore, analysts currently anticipate 2010 profit to advance approximately 28% from 2009 profit, suggesting that CPLA has positive momentum moving forward.
Much of the earnings estimate growth can be attributed to a solid fourth-quarter and full-year report from February. During the quarter, earnings per share of 66 cents easily surpassed the year-ago result of 51 cents.
The result beat the consensus estimate by 6.45%, continuing CPLA's streak of better-than-expected quarterly EPS that has amassed an average surprise of more than 6% in the past 4 quarters.
Revenues in the quarter advanced 18.4% to $75.8 million from $64 million, as the company's demand dynamics remain strong.
According to the company, the strength of its business model is underscored in its operating results, solid balance sheet with no debt and strong cash position.
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| Market Summary | Nov 08, 2009 02:54 am ET |

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