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Aggressive Growth

Omnova Solutions

By: Bill Wilton
October 12, 2009 | Comments: 0
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Omnova Solutions Inc. (OMN - Snapshot Report) has posted another earnings surprise since being featured as a Zacks Rank Buy.

Beat the Street

On Sep 29 the specialty chemical company posted its third consecutive earnings surprise. Earnings per share came in at 24 cents, more than twice the 11 cents analysts predicted.

Net income surged $7.0 million to $10.1 million since the same period last year. Management has drastically reduced debt to just over $18 million, down from $123 million.

Estimates Pop

Following the report the full-year Zacks Consensus Estimate for this year jumped 12 cents to 46 cents. Next year's average forecast is now 70 cents up from 47 cents.

Compare these levels to the loss of 3 cents last year and you have an astronomical growth for this year. Earnings are expected to climb 51% in 2010.

The Chart

Shares of OMN are surging off of the latest news and the stock is up almost 40% since its July feature.

Read the July 27th Feature Here

Last Week's Aggressive Growth Zacks Rank Buy Stocks

Syniverse Holdings Inc. (SVR - Snapshot Report) shares have spiked on acquisition news and estimates are climbing. Read Full Article.

Coinstar Inc (CSTR - Snapshot Report) analysts continue to raise estimates as the self-service kiosks are pulling in some major coin. Coinstar Inc (Read Full Article.

Cnooc Limited (CEO - Analyst Report) is producing more and estimates continue to climb for the Chinese energy company.

Read Full Article.

IPCS Inc. (IPCS - Snapshot Report) should post massive growth figures this year as analysts continue to revise estimates. Read Full Article.


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Market Summary Nov 21, 2009 19:44 pm ET
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