Advanced Auto Parts (AAP), Sanderson Farms Inc. (SAFM), American Dairy Inc. (ADY), Ctrip.com International (CTRP) and Goldman Sachs, Inc. (GS).
Advanced Auto Parts (AAP) recently touched and deflected off of its 52-week high on rising estimates and another strong quarter.
The company reported solid first-quarter results on May 20 that were better than expected. Sales were up 10% from last year to $1.68 billion. Income came in at $93.6 million, up from $82.1 million last year, producing earnings of $1.02, 12 cents ahead of the consensus estimate.
Same store commercial sales were up 17.5% from last year.
Estimates Headed Higher
Estimates continue to climb, with the current-year up 15 cents in the last 30 days to $2.96 per share. The next-year estimate is pegged at $3.27, a 10.5% growth projection.
The Chart
Shares of AAP have been on a big rally for most of the last 7 months, but recently pulled back a bit after hitting the 52-week high. Take a look below.
Last Week’s Momentum Zacks Rank Buy Stocks
Sanderson Farms Inc. (SAFM) is benefiting from lower costs in its feed supplies, enabling the company to more than triple its second-quarter income from last year. Analysts are bullish, with the next-year estimate projecting 25% earnings growth. Read Full Article.
American Dairy Inc. (ADY) just received a big upgrade from the analyst community, with its next-year earnings growth projected at 34%. Read Full Article.
Ctrip.com International (CTRP) took a steep fall last year when the market weakened. But the company is once again on the upswing, with estimates and its share price rallying. Read Full Article.
Goldman Sachs Group, Inc. (GS) is surging on higher estimates, with the company’s share price building on its already impressive gains from the last 7 months. Zacks Investment Research
