Ctrip.com International Ltd. (CTRP) continues to hit new 52-week highs as shares gain on higher estimates and strong second-quarter results, reported on August 4.
Second-Quarter Results
Sales were up 27% from last year to $70 million. Earnings also came in strong at 35 cents per share, 7 cents ahead of the Zacks Consensus Estimate.
Gross margin was an amazing 77% for the quarter while operating margin held steady at 34%.
Estimates
Estimates have been climbing higher for the last few months, with the current year adding 9 cents and moving to $1.21 per share. The next-year estimate is pegged at $1.57, a bullish 30% growth projection.
After the big run up in shares, this stock doesn’t come cheap, currently trading at 47X projected current-year earnings.
The Chart
Shares of CTRP have been gaining since bottoming out in early March just above $18, recently topping off above $59. Take a look at the nice move below.
Last Week’s Momentum Zacks Rank Buy Stocks
CarMax, Inc. (KMX) shares recently surged higher on better than expected Q2 results. Read Full Article.
Autoliv, Inc.’s (ALV) sales dipped lower in the shaky economy of the last year, but analysts are bullish on the company’s longer-term prospects, with the next-year estimate projecting bullish earnings growth and a return to profitability. Read Full Article.
Universal Healthcare Services, Inc. (UHS) recently hit a new 52-week high after spending most of the last 6 months trending higher. Read Full Article.
American Capital Agency Corp. (AGNC) is posting big gains in its share price while paying a hefty quarterly dividend. Read Full Article. Zacks Investment Research
