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Shares of Potash Corp. of Saskatchewan, Inc. (POT - Analyst Report), which is benefiting from the hot fertilizer space right now, have ascended quite nicely since the company was last featured. Wall Street estimates are on the rise for 2008. Six out of 10 covering analysts lifted full-year forecasts from last months $4.79 per share to $5.63. The most accurate 2008 projection is a more bullish $5.99. Two months ago, expectations stood at $4.54. In mid-November, the company declared a quarterly dividend of 10 cents per share. Potashs return on equity (ROE) stands at 21%. In late October, the company posted record third-quarter earnings of 75 cents per share, eclipsing the year-prior 46 cents. Read our Oct 19, 2007 analysis.
Updates to Previous Growth and Income Zacks Rank Buy Stocks
Praxair, Inc. (PX), which has recently hit 52-week highs and is not too far off those levels now, is scheduled to announce fourth quarter results on January 23, 2007. Analysts are upbeat on full-year 2008 earnings forecasts. Two of the 11 covering analysts upped estimates by a penny to $4.16 per share over the past 30 trading days. Two months ago, Wall Street was calling for $4.13. The most accurate 2008 projection is higher at $4.18. Read our Dec 19, 2007 analysis.
Flowers Foods, Inc. (FLO) has also reached new 52-week highs since it was last covered and currently trades slightly below that level. The company declared a quarterly dividend of $.125 per share in mid-November. FLOs return on equity ROE of 15% tops the industrys average of 11%. The consensus estimates for 2008 have been increasing. Current forecasts of $1.11 per share compare to the two months-ago projections of $1.08. Three months ago, the Street was calling for $1.07. Read our Nov 27, 2007 analysis.
Last Weeks Growth and Income Zacks Rank Buy Stocks
Herbalife, Ltd. (HLF) has been consistently outperforming Wall Street EPS expectations since November of 2005. The company is yielding 2%, which is above the industry average. The companys ROE of 54% stomps the industrys 11%. In early November, the company posted third-quarter earnings per share of 67 cents, topping last years 51 cents and eclipsing the consensus estimate by nearly 5%. HLF raised its full year 2007 earnings per share guidance to be in a range of $2.62 to $2.64 and offered guidance for the fourth quarter of 2007 in the range of 72 cents to 74 cents. Analysts are in agreement with these forecasts and are bullish on 2008. Read the full analysis on HLF.
Accenture Ltd. (ACN), Zacks #1 Rank (Strong Buy) company released strong fiscal first-quarter results in mid-December, causing its share price to spike. Net revenues of $5.67 billion were 19% (in U.S. dollars) higher than the year-ago result. The company noted that it achieved the highest quarterly net revenues in its history. First-quarter earnings per share were also up on a year-over-year basis and ahead of the consensus estimate. The companys dividend yield of 1.17% is ahead of the industry average, and ACNs impressive ROE of 68% dwarfs the industrys average of 9%. Read the full analysis on ACN.
Rockwell Automation, Inc. (ROK) offers an impressive ROE of 32%, more than tripling the industrys average of 10%. Rockwells dividend yield of approximately 2% is also above the industry average. The company released financial results for the fiscal fourth quarter and full year in early November. Fourth-quarter earnings of $1.07 per share outpaced the consensus estimate by a penny and surpassed the previous years result. Rockwell issued an earnings per share guidance for 2008 that ranges between $4.25 and $4.45. Wall Streets forecasts are in line with the companys outlook. Read the full analysis on ROK.