3D Systems Corp and The Cooper Companies

3D Systems manufactures a comprehensive portfolio of 3D printers and related products, print materials and services.

The stock has soared more than 350% since September 1 as the company has delivered three huge earnings surprises. Earnings estimates have been surging since then, as seen in the company's Price & Consensus chart:

In the fourth quarter of 2010, the company reported earnings per share of 35 cents, crushing the Zacks Consensus Estimate by 35%. Sales were up 42% due to strong demand for its printers. Meanwhile, the gross margin expanded from 44% to 48% of sales due to improved overhead absorption.

3D Systems reports its results for the first quarter of 2011 on April 28.

The Cooper Companies (COO - Analyst Report) jumped 5.9% on Thursday to reach a new 52-week high of $73.51.

The Cooper Companies is a specialty medical products company. It operates two business units: CooperVision and CooperSurgical. CooperVision markets a broad range of contact lenses around the globe, while CooperSurgical markets products for the women's healthcare market.

The stock has soared almost 20% since it posted strong Q1 2011 results on March 3. Earnings per share came in at 85 cents, beating the Zacks Consensus Estimate by 25%. It was the company's third consecutive positive earnings surprise.

Revenues came in at $293.2 million, a 13% increase year-over-year. Meanwhile, the gross margin expanded from 58% to 60% due to manufacturing efficiency improvements and a favorable product mix.

Estimates soared after the company gave bullish guidance for 2011. The Zacks Consensus Estimate for 2011 is $3.90, representing 28% growth over 2010 EPS.

Despite the nice run up, shares are still reasonably priced with a PEG ratio of 1.27. The stock is trading at 17.8x forward earnings, a discount to the industry average of 20.9x.

Other Zacks #1 Rank (Strong Buy) stocks on the move Thursday include: Orient Paper (ONP), which rose 5.9%, Huntsman Corp (HUN - Snapshot Report), which saw a 5.8% increase, and Spreadtrum Communications (SPRD - Snapshot Report), which gained 5.2%.

Todd Bunton is the Growth & Income Stock Strategist for Zacks.com.

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