Flanders Corp.

Company Description

Flanders designs, manufactures and sells air filters and related products, and is focused on providing complete environmental control systems for end uses ranging from controlling contaminants in residences and commercial office buildings through specialized manufacturing environments for semiconductors and viruses.

Doubled the Consensus

The company is quickly approaching its next earnings announcement on Jul 22 and has earnings momentum from its latest report on Mar 16. Flanders reportedly cut its annual net loss by nearly 80% to $4.1 million, from a loss of $19.7 million.

Overall the company generated 7 cents per share, 4 cents higher than the consensus estimate. This was the second surprise in the past 4 quarters.

Flanders also said that it expects annualized revenue to grow between 8% and 13% in 2009.

Analysts Catching Up

Following the report, analysts quickly raised full-year forecasts to catch up to management's expectations. The consensus for full-year 2009 is now $0.28, up from $0.21 in the past 2 months. Forecasts for 2010 are now averaging $0.33, up from $0.27 in the same time span.

Last year the company lost 8 cents per share, giving theses projections a 450% EPS growth rate. An additional 18% of growth is expected in 2010.

The Chart

Shares of FLDR are fairly volatile represented by the long intraday bars. The stock also is on a roll as it continues to set higher highs and lows. Take a look at the chart below.