Zacks PEG Ratio Strategy Highlights: Gafisa S.A., Ensco International, Oil States International, and Eagle Test Systems

Business Wire, March 20, 2008

CHICAGO -- If you like to use a company's P/E ratio to determine its value, then you'll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screen's exclusive criteria are: Gafisa S.A. (NYSE: GFA), Ensco International Inc. (NYSE: ESV), Oil States International Inc. (NYSE: OIS), Eagle Test Systems Inc. (NASDAQ: EGLT). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837

Here are details about four companies currently identified by the PEG Ratio Profit Track:

Gafisa S.A. (NYSE: GFA) recently reported spectacular fourth-quarter and year-end financials, with full-year adjusted net income increasing by 77%. The project launches for the company increased by an incredible 122%, to R$2.2 billion from R$1 billion. GFA currently enjoys an average broker recommendation of 2 and an extremely low PEG ratio of .26, which place it on the PEG Ratio profit track. The Zacks #2 Rank company also announced that a dividend in the amount of R$0.21 will be payable on Apr 29.

Ensco International Inc. (NYSE: ESV) is a premier global offshore oil and gas drilling contractor, with a Zacks #2 Rank and PEG ratio of .41, making this undervalued stock a great pick for this screen. ESV delivered a strong fourth-quarter with year-over-year revenue jumping to $529.2 million from $470.6. The full-year net profits also increased to $992 million from $769.7 million. ESV sports an average broker rating of 2.11 and a 12-month trailing PE of 9.55.

Oil States International Inc. (NYSE: OIS) places on the PEG Ratio profit track with an average broker recommendation of 2 and a low PEG ratio of .40. OIS reported better-than-expected earnings in the fourth quarter, along with revenue that improved to $581 million, compared to $540 million. Its first-quarter EPS guidance of between $1.10 and $1.20 is in-line with analysts' expectations. In February, the Zacks #1 Rank announced that its subsidiary, Oil States Industries Inc., purchased a facility on 22 acres along the Houston ship channel. OIS is a diversified solutions provider for the oil and gas industry.

Eagle Test Systems Inc. (NASDAQ: EGLT) is an Automated Test Equipment (ATE) company that provides tools for the world's leading semiconductor companies. EGLT qualifies for this profit track with a per share price of $9.55 and an average broker recommendation of. The company reported strong first-quarter results, with revenue increasing to $31 million from $24 million. The Zacks #1 Rank company also sports an astoundingly low PEG ratio of .24 and a 12-month trailing PE of 18.08. EGLT expects its net revenue for the second quarter to be between $30 million and $34 million, which is higher than what analysts had expected.

Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868

About Profit Tracks

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