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Zacks #1 Stocks on the Move 06/18/2013
| Company Name | Symbol | %Change |
|---|---|---|
| STAAR SURGIC | STAA | 10.98% |
| DTS INC | DTSI | 6.89% |
| ANIKA THERAP | ANIK | 6.04% |
| LUMOS NETWOR | LMOS | 5.70% |
| INSTEEL IND | IIIN | 5.28% |
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Third-Quarter Results
Sales for the period were up 40% from last year to $35.1 million. Earnings also came in strong at 12 cents per share, 2 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last three quarters by an average of 76%.
Margin and Cash
KongZhong's gross profit took a nice jump forward, increasing by 54% from last year to $17.92 million. The company also continues to grow its cash position, now up to $134 million.
Estimates
The current-year estimate has added 4 cents in the last month and now stands at 40 cents. The next-year estimate is pegged at 52 cents, a 31% growth projection.
The Chart
Shares of KONG are pressuring a long-term trend line after pulling back a bit from the recent 52-week high, take a look below.
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Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Surprise Trader.
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