Top Performing Stocks for the Week Ended Nov 10

The five best performing stocks on the Zacks #1 Rank List last week were: Crocs, Inc. (CROX - Snapshot Report), The Goodyear Tire & Rubber Company (GT - Analyst Report), Perini Corporation (PCR), MIPS Technologies, Inc. (MIPS - Analyst Report) and Medical Action Industries Inc. (MDCI - Snapshot Report).

Crocs, Inc. (CROX - Snapshot Report) continues to enjoy growing demand for its footwear, which led to a strong third-quarter report and an almost 21% jump in its share price last week. This Zacks #1 Rank company was the top performer for the week ended Nov 10, and also reached fresh 52-week highs last Tuesday, Wednesday and Friday. Crocs recently announced earnings per share of 53 cents for the third quarter, marking a positive surprise of approximately 29.3%. Revenues surged 192% to $111 million from $38 million a year earlier. Encouraging outlooks for the fourth quarter and full year led to sharp rises in brokerage analysts’ earnings estimates for both periods.

The Goodyear Tire & Rubber Company (GT - Analyst Report) continues to face a number of challenging conditions such as market weakness in North America, record high raw material costs, and a strike by the United Steelworkers in North America. But the tire manufacturer still put together a solid third-quarter performance that sparked an almost 18% gain last week. The Zacks #1 Rank company reported sales of $5.3 billion for the quarter, which was up 6% year-over-year. All five of its tire businesses achieved record sales. Excluding items, earnings per share of 42 cents bettered the consensus by more than 80%. Over the past seven days, earnings estimates for this year are up by almost 3%.

Perini Corporation (PCR) watched its share price gain 13.4% last week, while hitting a new 52-week high on Friday. The construction services company is a Zacks #1 Rank stock as earnings estimates for this year and next improved over the past month. For the third quarter, earnings per share of 36 cents topped the consensus by 20% and beat the year-ago performance of 22 cents. Revenues from construction operations jumped 103% to $773.3 million from $380.3 million in the third quarter 2005. Given the visibility provided from its $9 billion backlog, Perini Corporation said it anticipates a record year in 2007 for revenues and earnings per share.

Shares ofMIPS Technologies, Inc. (MIPS - Analyst Report) rose 12.15% last week as optimism for this company improved, as well as for the semiconductor sector as a whole. Analysts recently raised their forecasts for MIPS and now expect the Zacks #1 Rank company to generate profits of 28 cents per share in fiscal 2007. (A month ago, analysts were forecasting profits of 23 cents per share.) MIPS recently said that fiscal first-quarter revenues rose 65% to $19.7 million, a level of sales not achieved since early 2001.

Medical Action Industries Inc. (MDCI - Snapshot Report) reported earlier this month that fiscal second-quarter net sales rose 12% year over year to $42.17 million. Earnings per share of 28 cents bettered the consensus by approximately 7.7%. The manufacturer of disposable medical devices watched its share price gain about 11.3% last week. The Zacks #1 Rank company said its operating results reflect growth from its line of minor procedure kits and trays, containment systems for medical waste, protective apparel and, to a lesser extent, operating room towels.

Since 1988, Zacks #1 Rank stocks have generated an annual average return of 32.4%, proving that earnings estimate revisions are the most powerful force driving stock prices. Learn more about harnessing the power of estimate revisions with the Zacks Rank Guide.

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