comScore, Inc. - Momentum

comScore, Inc. (SCOR) recently hit a new multi-year high ahead of its Q1 results set for April 27. With a bullish growth projection and high industry rank, this Zacks #1 rank stock is a momentum high flyer.

Company Description

comScore, Inc. operates as a business intelligence company specializes in statistical and marketing analysis and strategies. The company was founded in 1999 and has a market cap of $924 million.

Take a look at a SCOR chart and you’ll see that this stock has posted some big gains over the last 6 months, recently hitting a new multi-year high at $30. The movement comes on the heels of strong Q4 results from mid February that included big gains from last year.

Fourth-Quarter Results

Revenue for the period was up 52% from last year to $51 million. Although earrings came in a pinch short of analyst expectations, the company’s 2 cent loss was a big improvement from a loss of 15 cents last year.

The strong quarter was driven by a big jump in the company’s customer base, up 500 from last year to 1,752.

With strong fourth-quarter results in the bag, the company posted record full-year revenue of $175 million, up 37% from last year.

Financial Profile

comScore also continues to maintain a strong balance sheet, with cash and short-term investments of $34 million and total debt of just $13 million.

Estimates

Although estimates have been a bit volatile lately, the next-year estimate is still very bullish, projecting 181% earnings growth.

Valuation

In light of the recent string of gains, the valuation picture looks a bit rich, with a forward P/E of 221X forward earnings a sharp premium to its peer average of 69X.

12-Month Chart

On the chart, comScore has been grinding higher for the last 9 months, more than doubling in price after recently topping off at $30. Look for support from the trend line on any weakness, take a look below.