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Shares appreciated by 9.35% during the session, while volume for this top performer neared 545,000. Normally, the company musters about 200,000.
The leading provider of Internet-based postage announced "the best quarter in the history of the company" in late July. Second-quarter earnings per share of 39 cents soared past the Zacks Consensus Estimate by more than 116%. The result continues an impressive record of beating quarterly earnings expectations for STMP.
Revenue jumped 26% to $26.6 million.
The company also enhanced its EPS and revenue outlooks for 2011, which had a very positive impact on earnings estimates. The Zacks Consensus Estimate for this year is currently 99 cents per share, which is unchanged in 30 days but up nearly 34% from 2 months ago.
Meanwhile, the Zacks Consensus Estimate of $1.03 for 2012 has advanced practically 20% in that time.
HOGS was living high on the list today as shares gained 7.6%, making it one of the top-performing Zacks #1 Ranks.
Meanwhile, earnings estimates have moved up in the past 30 days following a solid second quarter report from early August.
The Zacks Consensus Estimate for 2011 is up 4.3% in the past month to $1.94 per share. As for 2012, the Zacks Consensus Estimate has advanced nearly 7% to $2.48.
At the moment, analysts are expecting profit growth of around 28% for next year over this year.
For its most recently-reported quarter, HOGS announced earnings per share of 48 cents, which topped the Zacks Consensus Estimate by more than 17%.
Revenues soared 70% to $366.5 million.
The first-half numbers were so good for HOGS that it decided to revise its outlook for the full year. The reaction to this move can be seen in the graph below:
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