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