Back to top

Analyst Blog

Zacks Investment Research upgraded Edwards Group Limited to a Zacks Rank #1 (Strong Buy) on Jun 25, 2013.

Why the Upgrade?

Edwards Group’s shares rose 6.4% since the industrial technology company reported its financial result for the first quarter of 2013 on Apr 30. Results showed remarkable improvement when compared with its sequential quarter. Adjusted net earnings, in local currency, grew 31.7% sequentially.

Revenues, in local currency, recorded an increase of 9.7% on the back of healthy performance in the company’s Semiconductor and Emerging Technology business. This increase, to some extent, offset the softness in General Vacuum and Service business

Edward Group recorded an increase of 580 basis points in gross margin that came in at 36.2%. Cost saving initiatives helped the company boost its operating margin.

Management of Edwards Group provided an encouraging outlook for the second quarter of 2013. At mid-points, revenues are expected to grow 5.8% from its sequential quarter while adjusted net income is expected to exhibit a 25% increase sequentially. Demand for semiconductors is likely to remain strong in the quarter.

The Zacks Consensus Estimate for 2013 and 2014 are 86 cents and $1.30, reflecting an increase of 16.2% and 5.7%, respectively in the last 60 days.

Other Stocks to Consider

Edwards Group currently has $904 million market capitalization. Other stocks that are worth a look in the industry are Broadwind Energy, Inc. (BWEN - Snapshot Report), Kadant Inc. (KAI - Snapshot Report) and Middleby Corp. (MIDD - Analyst Report). All these companies carry a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%