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Mylan, Inc.

April 20, 2009 | Comments: 0
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MYL

Companies highlighted in this weekly wrap include Mylan, Inc. (MYL - Analyst Report), The Dress Barn, Inc. (DBRN - Snapshot Report), Ross Stores, Inc. (ROST - Snapshot Report), Buffalo Wild Wings, Inc. (BWLD - Analyst Report) and Interactive Data Corp. (IDC - Analyst Report).


Mylan, Inc.'s (MYL - Analyst Report) share price continues to trend higher on consistent earnings and higher estimates. The company is scheduled to report its first-quarter results on May 7.

Estimates

Earnings estimates have held in higher ground after the last round of upward revisions, coming on the heels of the company's last quarterly report. The current-year estimate tacked on 4 cents, climbing to $1.03 per share. The next-year estimate jumped 14 cents to $1.47 per share, an impressive 43% earnings growth projection.

Consistent Results

Mylan has produced very consistent results over the last year in a tough market. The company has surprised and beat in each of the last four quarters by an average of 8 cents, or 62%.

The Chart

Mylan is set to report its first-quarter results on May 7, with the company's share price rallying into the news. Shares of MYL have been riding a very smooth trend higher since bottoming out in November with the overall market. In the process, a new 52-week has been established, where some resistance has developed. Take a look at the chart below.

Last Week's Momentum Zacks Rank Buy Stocks

The Dress Barn, Inc. (DBRN - Snapshot Report) recently announced that it is seeing strengthening business trends and projected strong third-quarter results, set to be officially released at the end of May. Read Full Article.

Ross Stores, Inc. (ROST - Snapshot Report) is surging on solid fourth-quarter results, a share repurchase program and higher guidance. Read Full Article.

Buffalo Wild Wings, Inc.'s (BWLD - Analyst Report) share price has been rallying since the company reported strong fourth-quarter results on Feb 11. First-quarter results are set to hit the Street Apr 28. Read Full Article.

Interactive Data Corp. (IDC - Analyst Report) has performed admirably in a tough market as traders and investment professionals take advantage of market volatility to score gains. Read Full Article.