VistaPrint Ltd.

VistaPrint Ltd. (VPRT) shares have surged since its latest earnings announcement. Analysts continue to raise estimates as the next announcement approaches.

Company Description

VistaPrint is the leading online supplier of high-quality graphic design services and customized printed products to small businesses and consumers. It is the source for high-quality graphic design, Internet printing and premium service. VistaPrint also offers small businesses and consumers a convenient, high-quality solution for graphic design services and full-color printing in small quantities, without the premium price.

Revenue up 32%

On Jan 27 VistaPrint reported second-quarter results for fiscal 2009 that included a 32% increase in revenue, to $139 million. The company's global footprint allowed it to bring in 42% of its revenue from non-U.S. markets.

Earnings per share came in at 42 cents, 50% higher than the consensus of 28 cents. This is the company's sixth consecutive surprise. In fact, other than meeting expectations once in 2007, the company has beaten the Street in each quarter since coverage began in 2005.

Bullish Estimates

Since the earnings announcement analysts have raised full-year estimates for both 2009 and 2010. The forecasts for 2009 are now averaging $1.13, up from 98 cents. The consensus for 2010 is now $1.32, up from $1.26.

If met these projections would yield year-over-year growth of 30% and 17% for 2009 and 2010, respectively.

The Chart

Shares of VPRT sold off sharply toward the end of 2008, but have convincingly rebounded. After the most recent earnings announcement the stock has gapped up and held its higher level for several months. Take a look at the chart below.

Read the full analyst report on VPRT