Second-Quarter Results
99 Cents is in the process of shedding its unprofitable Texas stores, so when the company reported its most recent financial results, it created a distinction between its consolidated results and "non-Texas results."
When excluding one-time items and "Texas" results, the company's pre tax income increased to $3 million, up from a loss of $5.2 million in the same period last year. This produced earnings of 3 cents per share after adding taxes.
Estimates
Estimates have continued to tick higher over the last month, with the current-year estimate jumping to 19 cents per share. The next-year estimate is bullish, standing at 40 cents per share, a 105% earnings growth projection.
The Chart
Shares of NDN have been steadily advancing since bottoming out in mid July. More recently, this stock broke above some short-term resistance just below $11. Take a look below.

Updates to Previous Momentum Zacks Rank Buy Stocks
Thoratec Corp. (THOR - Snapshot Report) recently swung into profitability from last year, reporting strong third-quarter results that were fueled by the release of a product that was approved by regulators for sale in April. Estimates are on the move and so is Thoratec's share price. Read Full Article.
Vectren Corp.'s (VVC - Snapshot Report) share price has been rallying since early October, helped by the company's strong third-quarter results reported at the end of the month. Analysts are bullish on Vectren, with the next-year estimate projecting 23% earnings growth. Read Full Article.
Shenandoah Telecommunication Co.'s (SHEN - Snapshot Report) share price has been rallying since early October, helped by the company's solid third-quarter results and rising analyst estimates. Read Full Article.
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| Market Summary | Nov 26, 2009 05:47 am ET |


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