Sporting goods company, Adidas AG (ADDYY Quick QuoteADDYY - Free Report) came out with first-quarter 2017 results, wherein the company’s net income from continuing operations surged about 30% to €455 million (approximately $484.6 million).

For 2017, management still envisions net income from continuing operations to rise in a range of 18% - 20% to €1.2 billion - €1.225 billion.

Revenues: Adidas generated revenues of €5,671 million ($6,039.6 million) that advanced 18.9% year over year. The Zacks Consensus Estimate stood at $5,836 million. Revenues jumped 16% on a currency-neutral basis, backed by strong performances by adidas (up 18%) and Reebok (up 13%).   

Management continues to anticipate currency-neutral sales to advance in a range of 11% - 13% in 2017.

Zacks Rank: Currently, Adidas carries a Zacks Rank #1 (Strong Buy) which is subject to change following the just released earnings results.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>