Business Services Industry
Zacks Upgrades and Revisions Strategy highlights ASV, Inc., Atrion Corp., CNS, Inc., and Select Comfort Corp
Business Wire, June 3, 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 with a compounded return of over 436% over the last few years. Four stocks meeting this screen's exclusive criteria as of June 2, 2005 are: ASV, Inc. (NASDAQ:ASVI), Atrion Corp. (NASDAQ:ATRI), CNS, Inc. (NASDAQ:CNXS), and Select Comfort Corp. (NASDAQ:SCSS). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844
Here are four companies that meet the following Upgrades and Revisions Profit Track:
ASV, Inc. (NASDAQ:ASVI) reported its fourth consecutive quarter of record sales and earnings in late April. The April report included first-quarter earnings of 40 cents per share, which outpaced last year's 26 cents and jumped ahead of the consensus estimate by 25%. Record performance is not the only positive in this company's history. ASVI has also enjoyed impressive earnings growth of approximately 97% over the past five years.
Atrion Corp. (NASDAQ:ATRI) posted first-quarter earnings of $1.23 per share in late April, surpassing the consensus estimate by about 43% and improving on last year's 70 cents. The company said that the increase in profits reflected not only a growth in sales but also the more favorable mix towards higher-margin products. This Zacks #1 Rank (Strong Buy) stock has experienced earnings growth of almost 29% over the past five years.
CNS, Inc. (NASDAQ:CNXS) develops and markets consumer health care products. During the past five years, this company has enjoyed an earnings growth rate of almost 37%. In late April, CNXS announced fiscal fourth-quarter earnings of 28 cents per share, soaring past the consensus estimate by almost 155% and climbing far above last year's two cents per share. The company mentioned that its results benefited from the effectiveness of several important initiatives, combined with a longer U.S. cold and flu season.
Select Comfort Corp. (NASDAQ:SCSS) stated in late April that strong unit growth across all channels was a primary contributor to its first quarter sales increases, particularly in its retail stores and other consumer-oriented channels such as ecommerce and retail partners. The company, which has seen earnings growth of almost 56% over the past five years, also reported earnings of 22 cents per share, beating last year's 18 cents and surprising the consensus by almost 16%.
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 one 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 6 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%. The Return on Equity screen also produced 30.3% return in 2004. To see all 6 strategies along with philosophy, past performance and current stocks, then 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. Learn more about the Research Wizard and Free Trial offer. http://at.zacks.com/?id=111
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