Fuel Systems Solutions

Great Quarter

On Aug 6 the company released a great earnings report. Revenue was down slightly to $92.3 million, but would have been a gain without forex impact. Profit was $28.6 million, flat year-over-year, but had better margins. Net income was up $2.8 million to $7.4 million, or 46 cents per share.

EPS was 17 cents higher than last year's figure and topped the Zacks Consensus Estimate by 13 cents.

Estimates Pop

Following the report, analysts polled by Zacks began raising their estimates. Currently the full-year estimate for 2009 is $1.63, up 23 cents. Next year's estimates are averaging $1.96, up from $1.74.

These figures represent a 5% dip in earnings this year, but a 20% increase in 2010.

The Chart

Shares of FSYS are at levels that they have not seen in almost a year. There could be some resistance here, but if estimates continue to rise the stock should have no pushing through. Take a look at the chart below.

Read the December 18th Feature Here

Last Week's Aggressive Growth Zacks Rank Buy Stocks

Wright Express Corp. (WXS)) pleased investors with its latest earnings report which sent shares soaring. Read Full Article.

Micrus Endovascular Corp (MEND)) posted an unexpected profit last quarter and estimates have spiked. Read Full Article.

Arena Resources Inc (ARD) continues to top expectations and the Zacks Consensus Estimate is on the rise.

Read Full Article.

Read the full analyst report on FSYS