Companies highlighted in this weekly wrap include Cubic Corporation (CUB), Ross Stores, Inc. (ROST), Best Buy Co. Inc. (BBY), Aaron’s, Inc. (AAN) and DeVry Inc. (DV).
Cubic Corporation (CUB) has watched analysts hike earnings estimates since it was last featured as a Growth and Income pick in Late May. For the fiscal year ending September 2009, Wall Street forecasts of $2.05 per share are up 2% over the past month and 8% over the past 60 days.
For the following year, analysts see earnings of $2.23 per share, versus last month’s $2.17 and the 2 months-ago forecast of $2.03.
During the past 4 straight quarters, Cubic Corporation delivered earnings that were 16% ahead of analysts expectations.
Recent Events
Cubic, the parent company of defense and transportation businesses, recently announced that is defense business received more than $45 million in new bookings for air combat training instruments for the U.S. Air Forces, Europe and U.S. Navy.
Read our May 28, 2009 commentary on CUB.
Last Week’s Growth and Income Zacks Rank Buy Stocks
Ross Stores, Inc. (ROST) saw a 10% year-over-year increase in sales for the month of May. Same store sales were 4% higher than the year-ago level. Management said dresses and shoes remained the strongest merchandise categories in May. Read the full analysis on ROST.
Best Buy Co. Inc. (BBY) is seeing bullish estimates ahead of reporting next week. Analysts are calling for fiscal year earnings of $2.77 per share, up from the 3 months-ago forecasts of $2.35. Read the full analysis on BBY.
Aaron’s, Inc. (AAN) has traded well ahead of the market over the past year, spiking on a record first quarter. The company, which offers an industry-leading yield of 0.21%, recently declared a dividend of $.017 per share. Read the full analysis on AAN.
DeVry Inc. (DV) just announced that it will offer 500 scholarships to workers affected by recent layoffs as it replaces GM on the S&P 500. The company also recently declared a semi-annual dividend of 8 cents per share, which translates into an industry-leading yield of 0.35%. Read the full analysis on DV.
