ATA (ATAI) and SodaStream Int'l (SODA)

Who would've thought that giving tests would be so lucrative?

But such has been the case for ATA Inc. (ATAI - Snapshot Report) of late, underscored by its late February fiscal third-quarter report in which the number of tests delivered were up more than 100% from a year earlier.

ATAI offers computer-based testing services in China. More specifically, it offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing techniques and test delivery platform. It is currently the only company on the Zacks #1 Rank List from the Schools industry.

Shares of ATAI moved higher by 13.31% Monday, which was far and away the biggest increase on the day for any Zacks #1 Rank stock. Volume was right round 130,000, compared to the daily average of around 17,700.

As of this moment, there are only 2 analysts covering this company, and they have made no moves in the past 30 days. However, ATAI enjoyed sharp upward revisions in estimates following the quarterly report mentioned above, which was the company's third straight quarter with a positive earnings surprise.

The Zacks Consensus Estimate for the fiscal year ended March 2011 is 5 cents per share, compared to the outlook from 2 months ago for a 2-cent loss. Meanwhile, the Zacks Consensus Estimate for the fiscal year ending March 2012 is 22 cents, which is a gain of more than 300% over 2011. The outlook for the year is also up 19 cents over the past 60 days.

ATA reported earnings per share of US$0.22 for its fiscal third quarter, which more than doubled the Zacks Consensus Estimate. In fact, the company beat by 120%.

Net revenues jumped by practically 78% to US$20.6 million. According to the company, most of ATAI's businesses met or exceeded operations.

The company continues to believe that its strategy is sound, its actions effective, and its progress aligned for good long-term growth.

SodaStream International Ltd. (SODA - Snapshot Report) has only been a publicly-traded company for a little while, but it has already made its presence known on the Zacks #1 Rank List.

Shares moved higher by about 8.4% Monday, which was second only to ATAI. Volume cruised past 1.5 million shares on the day, which marked a dramatic advance over the daily average of around 646,000.

The company is part of the consumer products - miscellaneous/discretionary industry. There is only one other name from this space on today's Zacks #1 Rank List: Lifetime Brands Inc. (LCUT - Snapshot Report).

SODA, headquartered in Israel, manufactures home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water.

The company's fourth-quarter report from early March included earnings per share of 29 cents, which easily surpassed the Zacks Consensus Estimate by more than 163%. Furthermore, revenues increased by 59%.

SodaStream attributed the quarter's performance to the progress it has made in expanding its global business, especially in the U.S. According to the company, it began the year with positive momentum and significant opportunities ahead.

The company expects revenue growth of 25% in 2011 and net income to increase by about 40%.

There hasn't been much movement to earnings estimates of late, but you can clearly see the positive impact from its quarterly report. The Zacks Consensus Estimate for 2011 is $1.22 per share, which is up 16.3% from $1.05 in 60 days.

As for 2012, the Zacks Consensus Estimate is $1.62 per share, which is up about 15% in 2 months. Also, this outlook suggests year-over-year profit growth of nearly 33%.

By the way, the third best-performing Zacks #1 Rank on Monday was Travelzoo Inc. (TZOO - Snapshot Report), which advanced 7.2% on the day with volume that almost reached 2.3 million shares, compared to the daily average of 1.23 million.

The travel deals website (and the only company from the Internet Services - Delivery industry on today's Zacks #1 Rank List) recently announced a strong quarterly report, which was mentioned last week when we highlighted this company.

The Zacks Consensus Estimate for 2011 is up 6.4% in 30 days to $1.16 per share, while the outlook for 2012 has gained 6% in that time to $1.57. Next year's guidance suggests profit growth of approximately 35% over this year.

Read the full analyst report on LCUT

Read the full analyst report on TZOO

Read the full analyst report on ATAI

Read the full analyst report on SODA