Voxx (VOXX - Snapshot Report) has seen limited analyst coverage in the past, but a recent strong beat has helped make the stock a Zacks
#1 Rank (Strong Buy).
VOXX International Corporation is engaged in marketing automobile
sound, vehicle security, mobile video systems, and consumer
electronics products. The Company markets its products under the
RCA, Acoustic Research and TERK brands. VOXX International
Corporation, formerly known as Audiovox Corporation, is
headquartered in Hauppauge, New York.
Two Beats and One Miss
VOXX had only one analyst covering the stock over the last year and a half so estimate data is thin at best. However, when there were estimates, the company beat expectations twice and missed once. The first beat was in the August 2010 quarter where the company
posted $0.03 per share when the Zacks Consensus Estimate was
calling for a break even quarter.
The miss was the following quarter, when the lone analyst was
calling for $0.26 and the company checked in with earnings of
$0.17. The next three quarters did not have an estimate, so there
was no chance for a surprise.
VOXX Most Recent Reported Earnings
On January 9, 2012 the company reported revenue of $207
million up from $163 million in the year ago period. In
addition, earnings per share came in at $0.38 up from $0.17
posted a year ago. The Zacks Consensus Estimate was look for
$0.30 in earnings per share, so the $0.08 was a positive surprise
of more than 26%
VOXX trades at a discount to the industry average on almost all
metrics that aggressive growth investors routinely look at. The
only metric that shows the slightest of premium to the industry
average is forward PE. VOXX trades at a 10.3x multiple compared
to the industry average of 10.2x, now that is what we consider the
slightest of premiums! Price to book and price to sales multiples
are at sizeable discounts to the industry averages.
A quick look at the chart for VOXX shows just what investors like
to see. The upward trend appears to be intact despite a recent
consolidation to the $12 range. As more analysts pick up coverage
the story will be told to a wider audience of investment
professionals. VOXX is a Zacks #1 Rank (Strong
Brian Bolan is the Aggressive Growth Stock Strategist
Zacks.com. He is also the Editor in charge of the Zacks Home Run Investor