Hanger Orthopedic Group, Inc. (HGR)) topped estimates for the third time in a row, sending estimates higher.

Earnings Up 42%

On Feb 10 Hanger reported fourth-quarter results that included an 11% increase in sales, to just under $20 million. Earnings per share came in at 37 cents, up from 26 cents one year ago.

Heading into the announcement the Zacks Consensus Estimate was calling for a 36 cent profit, making this the third consecutive earnings surprise.

Estimates Up

Since the release, we have received 6 upward revisions for full-year 2010. Forecasts are averaging $1.28, up 7 cents. The consensus for next year is now $1.43, up 10 cents. These levels represent growth rates of 14% and 12% respectively.

Shares are trading at solid valuations as the forward P/E is about 14 times. The PEG ratio is about 1.1 times.

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Last Week’s Aggressive Growth Zacks Rank Buy Stocks

Celanese Corp (CE) continued its excellent earnings streak as it returned to profitability. Estimates are up and projecting double-digit growth.

Read Full Article.

Chipotle Mexican Grill, Inc. (CMG) set a new 52-week high just after releasing its earnings results. The company is also looking to significantly expand its footprint in 2010. Read Full Article.

Mattel Inc. (MAT) beat recently beat expectations, which sent estimates and share price higher. Read Full Article.

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