Lubrizol Corp.

Lubrizol Corp. (LZ) recently spiked on its preannouncement of second-quarter earnings that are projected to come in above expectations.

LZ Hikes Outlook

The company sees adjusted earnings of $2.02 per share. The quarterly results are scheduled for release on July 30.

Shares have been outperforming the market and are 16% ahead of where they were trading 3 weeks ago, when LZ was last featured as a Growth and Income pick.

Analysts Followed Suit

Wall Street analysts upped their second-quarter earnings forecasts to $2.02 per share from last week’s $1.21.

For the year, analysts are calling for earnings of $4.25 per share, versus last week’s $4.25. For 2010, the consensus estimate of $4.71 is above last week’s $4.68. The most accurate estimate for both years is a more bullish $4.81.

Read the June 26, 2009 commentary on LZ.

Last Week's Growth and Income Zacks Rank Buy Stocks

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Read the full analyst report on LZ

Read the full analyst report on CUB

Read the full analyst report on BKE

Read the full analyst report on EL

Read the full analyst report on GLW