99 Cents Only Stores

99 Cents Only Stores (NDN) share price continues to advance after the company reported strong second-quarter results on Nov 6.

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

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Read the full analyst report on NDN