012 Smile.Communications (SMLC) is up sharply over the past 3 months on solid earnings and estimate revisions.
On Aug 12 the company reported a 10% increase in revenues to $74 million. Net income more than tripled to $6.6 million, or 26 cents per share. A 14% growth in the broadband service segment buoyed the successful quarter.
This was the second consecutive earnings surprise. The Zacks Consensus Estimate was 24 cents.
Over the past 3 months, the full-year estimates for this year are up 10% to $1.10. Next year’s forecasts are averaging $1.24, up from $1.19.
These levels will produce year-over-year growth of 89% and 14%, respectively.
Since the original feature as a Zacks Rank Buy, Smile has nearly doubled the returns of the S&P 500. The company’s next quarterly report is on Nov 11.
Read the July 15th Feature Here
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