Laclede Group, Inc. (
LG) shares have moved higher since originally being featured as a Zacks momentum stock in early October. The recent gains come on the heels of the company's strong full-year results, reported on Oct 30.
Full-Year Results
Full-year income from continuing operations, including the sale of one of its divisions, totaled $77.9 million, an increase of $28.2 million from last 2007. This produced earnings of $3.58 per share, ahead of last year's income of $2.31.
The current-year estimate has held steady in higher ground for this Zacks #1 rank stock, standing at $2.45 per share. Based upon this earnings projection, its forward P/E multiple is over 20X, a premium to the overall market.
The Chart
Shares of LG just logged a new 52-week and all-time high, take a look at the chart below.
Treehouse Foods, Inc. (
THS) share price has produced solid gains in 2008, recently posting a new 52-week and all-time high above $31. The analyst community is bullish on the company, with the next-year estimate projecting 12% earnings growth.
Read Full Article.
Energy Transfer Equity, L.P. (ETE) shares have been rallying after finding a short-term bottom just below $13 in mid October. Since then, shares have traded above the $21 level, ahead of the company's third-quarter results, scheduled to be reported next week. Read Full Article.
Matrix Service Company's (MTRX) share price appears to have found a short-term bottom, rebounding from a key level and climbing more than 50% in the last 3 weeks. In the meantime, estimates have held in higher ground, creating a value opportunity for a stock operating in a growth sector. Read Full Article.
Axsys Technologies, Inc. (AXYS) is fresh off the heels of an impressive third-quarter performance in which the company's income almost doubled. The next-year estimate is bullish, projecting 19% earnings growth.
