This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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This Zacks #1 Rank (Strong Buy) also has a great history of beating expectations and is on a clear path higher.
ROFIN-SINAR makes industrial lasers for more than 4,000 customers around the world.
Back in early December ROFIN-SINAR was featured as a Zacks Rank buy and looked good. Since then the full-year earnings estimates have swelled even further.
The Zacks Consensus Estimate for fiscal 2011 is now $2.07, up from $1.58 since the original feature. Next year's forecasts are averaging $2.42, up from $1.99. Those levels mean analysts expect EPS to grow 99% this year and another 17% next year.
Another Earnings Surprise
ROFIN-SINAR's latest quarterly surprise came on Feb 3 and was the company's fifth consecutive quarter of estimate-topping results. Earnings per share came in at $0.51, which was 6 cents better than the Zacks Consensus Estimate was calling for.
Net sales for the period were up 48%, to $137.1 million. The bulging top line led to a 315% jump in net income, to $14.9 million.
RSTI's CEO went on to say, "We believe that the recovering global macroeconomic climate and our backlog, which is one of the highest in our Company's history, provide us with a solid basis for the upcoming quarter."
Looking at the multi-colored lines below, each representing an annual consensus estimate, you can see the slow, but steady earnings recovery. Earnings expectations are growing both year over year, and throughout each year.
Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Small Cap Trader service
This Week's Aggressive Growth Zacks Rank Buy Stocks
Anixter International (AXE) saw plenty of strength entering 2011 and analysts matched that sentiment by raising estimates.
This Zacks #1 Rank (Strong Buy) has a great earnings trend and remains a solid value, in addition to its growth potential.
Unit Corp. (UNT) is seeing strong growth across all of its revenue streams and shares are pressuring new highs.
Thanks to the recent earnings revisions and surprise, the stock is now a Zacks #1 Rank (Strong Buy).
Dorman Products, Inc. (DORM) is churning out new products at a record pace, leading to strong revenue and earnings growth.
Currently this Zacks #1 Rank (Strong Buy) is at the top of its high-ranking peer group.
Coherent, Inc. (COHR) has given investors plenty of reasons to be optimistic. Estimates are climbing and shares are now a Zacks #1 Rank (Strong Buy).
Shares have sold off sharply but if you can stomach the ride it could be a great time buy up shares at a discount.
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