Business Services Industry
Zacks Upgrades and Revisions Strategy Highlights: Altiris, Inc., Axsys Technologies, Carpenter Technology Corp., and Lennox International Inc
Business Wire, Dec 13, 2005
CHICAGO -- Earnings estimate revisions are the most powerful force impacting stock prices. Couple that with the proven benefits of upgrades in ratings from brokerage firms and you have a strategy that delivered a 55.7% return in 2004. In 2005, the Upgrades and Revisions Profit Track is continuing its trend of delivering double-digit returns. Four stocks meeting this screen's exclusive criteria are: Altiris, Inc. (NASDAQ:ATRS), Axsys Technologies, Inc. (NASDAQ:AXYS), Carpenter Technology Corp. (NYSE:CRS), and Lennox International Inc. (NYSE:LII). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844
Here are details on four companies currently identified by the Upgrades and Revisions Profit Track:
Altiris, Inc. (NASDAQ:ATRS) offers a full line of Web-enabled solutions that empower organizations to easily manage desktops, notebooks, handhelds and servers throughout the IT lifecycle. The company satisfies the criteria of this Profit Track with its five-year track record of earnings growth of 53%. In late October, ATRS posted non-GAAP earnings of 19 cents per share for the third quarter. The result matched last year's total but exceeded the consensus estimate by 90%.
Axsys Technologies, Inc. (NASDAQ:AXYS), a global leader in the design, manufacture and distribution of precision optical solutions, reported financial results for the third quarter in late October. Earnings per share were ahead of analysts' expectations by nearly 37%. The Zacks #1 Rank (Strong Buy) company mentioned that it continued to book substantial quantities of new business. AXYS brought in impressive earnings per share growth of approximately 136% over the past five years.
Carpenter Technology Corp. (NYSE:CRS) is engaged in the manufacture, fabrication, and distribution of specialty metals and certain engineered products. The company, which is also a Zacks #1 Rank (Strong Buy), announced fiscal first-quarter earnings of $1.54 per share in late October. With Wall Street expectations coming in at $1.18, the earnings result was an upside surprise of almost 31%. The earnings total also topped the previous year's performance. CRS experienced earnings per share growth of almost 22% over the past five years.
Lennox International Inc. (NYSE:LII) put together earnings per share growth of about 31% over the past five years. In late October, the company released its third-quarter report, stating that all of its business segments realized increased revenue and segment profit. The global provider of climate control solutions reported earnings per share that eclipsed the consensus estimate by almost 14% and outperformed the year ago result.
Discover all the current stocks currently on the Upgrades and Revisions Profit Track at: http://at.zacks.com/?id=1869
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004, the Upgrades and Revisions strategy was the top performing Profit Track with a return of 55.7% followed by the Low Price Stocks screen with a 54.8% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156
About Zacks
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(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees.
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