CNinsure Inc. (CISG) is volatile but has posted great returns since being featured as a Zacks Rank Buy in late October.
More Revisions
Analysts continue to raise estimates for the Chinese Insurance company. In the past 30 days, 4 upward revisions were submitted by the 3 covering analysts.
The Zacks Consensus Estimate for this year is now 88 cents, up from 82 cents over the past 2 months. Next year’s forecasts are averaging $1.04, up from 95 cents.
Excellent Growth
After the revisions, the year-over-year growth rates are expected to be 45% this year, followed by 18% in 2010.
While the P/E ratios are still a bit high, about 25 time forward earnings, the PEG ratio is a solid 0.9 times. China has boomed this year so getting the growth at a reasonable price (GARP) is key.
The Chart
Shares of CISG have been volatile, but the Oct 30th feature took advantage used a sell off to get in at a great price. The arrow below is when the piece was written.
Read the October 30th Feature Here
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Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceZacks Investment Research
