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Momentum

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Susser Holdings Corp (SUSS - Snapshot Report) spiked into a new multi-year high in mid September in spite of the weak market. That movement is being fueled by a massive Q2 earnings beat and rising estimates, providing more support and momentum for this Zacks #1 Rank stock.

Company Description

Susser Holdings Corp, together with its subsidiaries operates convenience stores and distributes motor fuels in Texas, New Mexico, Oklahoma and Louisiana. The company has a market cap of $364 million.

Susser's recent strength comes on the heels of strong Q2 results from August that came in well ahead of expectations.

Second-Quarter Results

Revenue for the period was up 35% from last year to $1.4 billion. Earnings also came in strong at $1.36, 157% ahead of the Zacks Consensus Estimate.

The good quarter was driven by a sharp increase in fuel revenue, up 42% from last year. Merchandise revenue was up a more modest 8.7%. Fuel margins also jumped to 31 cents from 25 cents last year.

Estimates

We saw some very bullish movement in estimates off the good quarter, with the current year jumping 84% to $1.93.

Valuation

With a forward P/E of 10.6X, SUSS trades in line with its peers.

12-Month Chart

On the chart, shares hit a new multi-year high in September before pulling back a bit with the market. But as it stands, shares are trading within 12% of the recent high. Take a look below.

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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