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Aggressive Growth

URS Corp.

January 05, 2009 | Comments: 0
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URS Corp.'s (URS - Snapshot Report) share price has been on a big rally over the last few months as speculation builds that the company will benefit from brewing infrastructure plans.

A Strong Third Quarter

Much of the recent price strength has been built on the company's impressive third-quarter results, reported on Nov 5. Revenue came in at $2.59 billion, up from $1.27 billion last year. Income was up 70% to $65.8 million, ahead of analyst estimates.

Consistency Pays

It was the fourth time in the last four quarters that URS has surprised and beat analyst estimates, having done so by an average of 15 cents, or 25%. That is an impressive accomplishment in this unpredictable and volatile environment.

Analyst Estimates

The estimate picture is a little mixed. The current-year estimate has continued tick higher, up to $2.69 per share. The next-year estimate is down from last month, but remains at a very respectable $2.98, an 11% growth projection.

The Chart

Shares of URS have been on a nice rally since bottoming out in late October around $19. Since then its been a straight shot higher, with this stock more than doubling in price and recently topping off above $43. Take a look at the nice move below.

Last Week's Aggressive Growth Zacks Rank Buy Stocks

Allegiant Travel Co. (ALGT - Snapshot Report) has reported a fantastic third quarter and the stock is climbing. Estimates are up dramatically and pointing to a 118% increase in earnings next year. Read full Analysis.

Hanger Orthopedic Group, Inc. (HGR - Analyst Report) recently reported 28% earnings growth and forecasts continue the trend. Shares continue trade at attractive valuations. Read full Analysis.

Diamond Foods, Inc. (DMND - Analyst Report) just announced record snack sales and another quarterly earnings surprise. Analysts are projecting fantastic growth rates into 2010. a href=http://www.zacks.com/newsroom/commentary/?id=9601>Read full Analysis.


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Market Summary Nov 24, 2009 05:24 am ET
DJIA 10450.95  132.79 1.29%
NASD 2176.01  0.00 0.00%
S&P 500 1106.24  14.86 1.36%
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