7 Best Stocks for the Next 30 Days

Get them in a free Special Report, and get more Zacks Insights in our free e-newsletter, Profit from the Pros. Every issue includes a fresh Zacks #1 Bull Stock of the Day.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/23/2013

Company Name Symbol %Change
WESTELL TECH WSTL
7.69%
ALLIANCE FIB AFOP
4.26%
STEIN MART I SMRT
3.50%
A M R CP AAMRQ
3.24%
SYNAPTICS IN SYNA
2.92%

Ancestry.com Inc.

by Michael Vodicka

January 11, 2011 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Ancestry.com Inc. (ACOM) just hit a new all-time high at $34.93 after reporting a solid 26% Q3 earnings surprise in late October. With the company's subscription base showing big gains and a bullish growth projection, this Zacks #1 rank stock has more than a few traces of momentum.

Company Description

Ancestry.com operates as an online resource for family history worldwide. The company was founded in 1983, changed its name from The Generations Network in 2009 and has a market cap of $1.47 billion.

Although ACOM has been trending higher since going public in Nov of 2009, shares got an extra boost on Oct 28 when the company reported strong Q3 results that handily beat expectations.

Third-Quarter Results

Revenue for the period was up 39% from last year to $79 million. Earnings also looked great, coming in at 24 cents, 26% ahead of the Zacks Consensus Estimate, where the company has an average earnings of 36% over the last four quarters.

The good quarter was driven by a sharp increase in subscribers, jumping 34% from last year to 1,377,000. Average revenue per subscriber was also on the upswing, climbing to $17.75 from $16.48 last year.

Financial Position

The company also has a great financial profile, with cash and equivalents of $80 million and no long-term debt.

Estimates

We saw some pretty decent movement in estimates off the good quarter, with the current year adding 11 cents to 76 cents and the next-year estimate gaining 19 cents to $1.05, a bullish 37% growth projection.

Valuation

But in spite of the gains. ACOM still has value, trading with a PEG (PE/Growth) ratio of .84%, safely below the traditional value benchmark of 1.

6-Month Chart

On the chart, ACOM recently spiked above some short-term resistance to hit a new all-time high at $34.93. Look for support from the long-term trend line on any weakness, take a look below.

ACOM: Ancestry.com Inc. >
<P ALIGN=

Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the new Zacks Momentum Trader Service.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.