BTU International and Crocs Inc.

BTU International (BTUI - Snapshot Report) was the top performing Zacks #1 Rank (Strong Buy) stock on Tuesday, jumping an impressive 7.9%.

BTU International manufactures thermal processing systems used in various manufacturing processes primarily in the electronics and alternative energy industries.

Estimates soared following an excellent Q4 report in which EPS came in at 24 cents, crushing the Zacks Consensus Estimate by 12 cents. Net sales were a record $27.4 million, up 127% over the same quarter in 2009.

Its alternative energy segment has been booming due to strong solar sales.

Analysts are projected strong growth for BTUI over the next two years. The 2011 Zacks Consensus Estimate is $0.61, representing a 163% increase over 2010 EPS. The 2012 consensus estimate is 45% higher at $0.88.

Despite these enormous growth projections, valuation is still reasonable with shares trading at 16.6x forward earnings, a slight premium to the industry average of 15.9x.

Crocs Inc. (CROX - Snapshot Report) showed some movement on Tuesday as well, posting a strong 6.0% gain.

Estimates have been steadily rising for the shoemakers, as the company has strung together 6 consecutive positive earnings surprises. Analysts expect big growth from CROX over the next two years too. The Zacks Consensus Estimate for 2011 is $1.06, representing a 40% increase over 2010 EPS.

The 2012 consensus estimate is currently $1.32, corresponding to 24% annual growth.

Shares trade at 17.3x forward earnings, a premium to the industry average of 14.9x. It sports a PEG ratio of 1.38 based on a 12.5% long-term growth rate.

Other notable top performing Zacks #1 Rank stocks from Tuesday include: Majesco Entertainment Co (COOL - Snapshot Report), which was up 5.8%, Chembio Diagnostics (CEMI - Analyst Report), which rose 5.5%, and Andatee China Marine Fuel Services Corporation (AMCF), which gained 5.1%.

To see the full list of Zacks #1 Rank (Strong Buy) stocks click here.

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

Read the full analyst report on BTUI

Read the full analyst report on CROX