Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- Winning ETF Strategies for the Second Half
- RTI: What Will the Fed Do Wednesday?
- RTI: Hey Homies - BULL Is the Word!
- Tech Roundup: GOOG Shows Mettle, AAPL in Freefall
- Home-Run Retailers
- Are Housing ETFs Back on Track?
- Buy Your Favorite Brands with These 3 Stocks
- What's a Global Investor to Do?
- 5 Careful Ways to Win with Options
- AWS 6/17: The Fed in Focus This Week
- PFP 6/17: Why Ask Why?
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
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 Stocks on the Move 06/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| GLOBAL GEOPH | GGS | 7.79% |
| STAAR SURGIC | STAA | 6.23% |
| KAPSTONE PAP | KS | 6.14% |
| HORNBECK OFF | HOS | 5.99% |
| ANIKA THERAP | ANIK | 5.55% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Specialty alloy maker Carpenter Technology Corp. (CRS - Snapshot Report) saw its shares slip after it revealed its expected earnings for second-quarter fiscal 2013 (ended December 31, 2012), which lagged analysts’ expectations.
Carpenter Technology said that it expects earnings of 61 cents to 62 cents per share for the quarter, up about 20% from the year-ago earnings but below the earnings of 74 cents a share recorded in first-quarter fiscal 2013. The predicted earnings trailed the Zacks Consensus Estimate of 76 cents.
Weak results from the company's Performance Engineered Products (PEP) division and soft demand for lower value mill products contributed to the sequentially lower earnings in the second quarter.
The Pennsylvania-based company’s shares fell roughly 7.5% yesterday, reflecting the disappointing earnings view.
Carpenter Technology further noted that it expects net sales of $431 million for the second quarter. That represents a 30% year over year rise and around 2% sequential decline.
While Carpenter Technology saw strong demand for its ultra-premium and premium products along with strength across its aerospace and energy end markets, the prevailing economic uncertainty hurt the demand for its low value product lines in the second quarter.
The company also lowered its operating income growth target for fiscal 2013 citing weakness in its PEP unit and softer demand for lower value mill products. It now sees a 20%-30% year-over-year rise (compared with 30% predicted earlier) in operating income for the full year. The company will announce its second quarter results on January 31.
Carpenter Technology makes specialty alloys, including stainless steels, titanium alloys and superalloys primarily for the aerospace and energy industries. It is a major player in the metallurgy industry along with Allegheny Technologies Inc. (ATI - Analyst Report).
Carpenter Technology currently retains a short-term Zacks Rank #3 (Hold).
Get the full Analyst Report on ATI - FREE
Get the full Snapshot Report on CRS - FREE