Top Performer for Mon: Perfect World (PWRD)

You can't keep a good stock down.

Perfect World Co., Ltd. (PWRD - Snapshot Report) has been featured as a Zacks #1 Rank Top Performer in May, July, August, September, and now on Oct 19. Shares of this Chinese online game company are up approximately 6.2% Monday.

Volume is at 766,000 shares, which is well below the daily average of more than 1.6 million. Meanwhile, earnings estimates remain above levels from 2 months ago.

PWRD is the only company from the Internet Content industry on the Zacks #1 Rank List, which includes 215 stocks today.

Earnings Estimates

The Zacks Consensus Estimate for this year is currently at $2.86 per share. There's been a slight gain of 2 cents, or less than 1%, over the past month. However, the outlook is still 2.5% better than 2 months ago.

For next year, the Zacks Consensus Estimate is pegged at $3.45 per share, suggesting profit growth of more than 20% year over year. This guidance has climbed by 2.4% in 30 days and 4.2% in 2 months.

There are 9 covering analysts for both this year and next. Each period has seen an upward revision in the past month.

Second Quarter

Perfect World has amassed an average earnings surprise of approximately 31% over the past 4 quarters.

Most recently, it reported second-quarter earnings per share of US78 cents on Aug 10. In addition to improving on a year-over-year basis, that result also topped the Zacks Consensus Estimate by nearly 28%.

Total revenues increased nearly 56% year over year to US$76.3 million.

The quarter was led by a strong performance from "Battle of the Immortals', its popular 2.5D mysterious adventure MMORPG (massively multiplayer online role playing game). Existing games also contributed the success.