Business Services Industry
Zacks Earnings and Margins Strategy Highlights: Dover Saddlery, First United Corporation, ICO, Inc. and Logility
Business Wire, Sept 24, 2007
CHICAGO -- Earnings are the single most important metric for a company. Combine that with a healthy Net Profit Margin and you find a screen that has generated a cumulative return of 623.7% since January 2001. For 2006, this Profit Track has returned 23.4%. For the first month of 2007, this Profit Track returned 4.0%. This screen is called the Earnings and Margins Profit Track strategy. Here are four stocks meeting this screen's exclusive criteria: Dover Saddlery, Inc. (Nasdaq: DOVR), First United Corporation (Nasdaq: FUNC), ICO, Inc. (Nasdaq: ICOC) and Logility, Inc. (Nasdaq: LGTY). View the entire list of stocks for the Earnings and Margins Profit Track at http://at.zacks.com/?id=1858
Here are four companies that meet the following Earnings and Margin Profit Track:
Dover Saddlery, Inc. (Nasdaq: DOVR) reported second-quarter earnings of seven cents per share in early August, beating the consensus estimate by 17%. Total revenues increased 12.5 % to $20.0 million on a year-over-year basis. Dover Saddlery meets the criteria for this Profit Track as evidenced by its net margin of 0.02 and annual earnings growth of 44% above the prior full year.
First United Corporation (Nasdaq: FUNC) has a net margin of 0.13. For the last full year, the company's earnings growth stands at 3% above the previous year. FUNC recently declared a dividend of $0.195 per share. The dividend will be payable on November 1, 2007 to shareholders of record as of October 15, 2007. In early August, the company reported second-quarter earnings of 52 cents per share, surpassing last year's 50 cents and topping the consensus estimate by 8%.
ICO, Inc. (Nasdaq: ICOC) is trading near a 52-week, which was reached last week. In early August, the company posted fiscal third-quarter income from continuing operations of 20 cents per share. The result topped the consensus estimate by 25% and improved on the year-ago result. Record quarterly revenues of $113.4 million eclipsed the previous year's total by 38%. ICOC offers a net margin of .0.04 and earnings growth of 100% for the most recently completed year, compared the year-prior.
Logility, Inc. (Nasdaq: LGTY) announced adjusted net earnings of 17 cents per share, more than doubling last year's earnings. The company stated that operating earnings increased an impressive 143% driven by 42% growth in license fees with strong performance from both Logility's Demand Solutions[R] and Logility Voyager Solutions(TM) product suites. LGTY experienced annual earnings per share growth of 2% for the most recent full year, versus the year-ago result. The company's net margin stands at 0.14.
Discover all the current stocks currently on the Earnings and Margin Profit Track at: http://at.zacks.com/?id=1859
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 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 56.5% followed by the Discounted Fundamental screen with a 34% 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=1993
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Rank performance is the total return (price changes dividends) of equal weighted portfolios, consisting of those stocks with the indicated Zacks Rank, assuming zero transaction costs. These returns are not the result of a backtest; these are actual returns since 1988. The stocks in the Zacks Rank portfolios were available to Zacks clients before the beginning of each month (monthly rebalancing). Performance results from 1988 through September 2006 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR's.
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