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Momentum

Michael Vodicka

Treehouse Foods, Inc.

THS

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Treehouse Foods, Inc. (THS - Snapshot Report) is one of very few stocks that rallied in September, hitting a new all-time high in spite of the weak market. With a high industry rank and bullish growth projection, this Zacks #2 Rank stock is food for momentum.

Company Description

Treehouse Foods, Inc. operates as a food manufacturing company servicing grocery stores and food service distribution channels in the US and Canada. The company was founded in 1862 and has a market cap of $2.12 billion.

THS was one of the few stocks posting gains in September, jumping to a new all-time high after reporting strong Q2 results in early August.

Second-Quarter Results

Revenue for the period was up 11% from last year to $493 million. Earnings also came in strong at 43 cents, directly in line with the Zacks Consensus Estimate.

The good quarter was led by the company's largest segment, North American Grocery, where sales were up 14% from last year to $351 million.

Estimates

We haven't seen much movement in estimates in the last few months, with the current year up just a penny to $2.92. The next-year estimates is pegged at $3.39, a bullish 16% growth projection.

Valuation

With a PEG ratio of 1.25, THS trades at a premium to the benchmark of 1 for value.

12-Month Chart

On the chart, THS had a great September, hitting a new all-time high in the weak market. Look for support from the trend line on any weakness. Take a look below.

This Week's Momentum Zacks Rank Buy Stocks

Dollar General Corp. (DG) has been a shining star in the bumpy market of the last few months, recently hitting a new all-time high on the heels of another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is loaded with momentum. Read Full Article

DSW, Inc. (DSW) is trading strong in the volatile market, recently rebounding sharply from a short-term low to move back within striking distance of the all-time high. With a high industry rank and bullish growth projection, this Zacks #1 Rank stock is running strong with momentum. Read Full Article

Teradata Corp. (TDC) has rebounded strongly from a recent pullback to move back within striking distance of its recent all-time high above $62. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock has plenty of momentum. Read Full Article

O'Reilly Automotive, Inc. (ORLY) just jumped into a new all-time high as the company continues to perform well in the weak economy. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is an upgrade on momentum. Read Full Article

Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.

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