For Immediate Release
Chicago, IL –February 1, 2013 – Today, Zacks Investment Ideas feature highlights Features: Evercore Partners (EVR), Inter Parfums Inc. (IPAR), G&K Services Inc. (GK) and Synaptics Inc. (SYNA).
4 Winners This Earnings Season
Positive revenue and earnings surprises are great, but if management guidance is weak and/or if analysts still revise their earnings estimates lower, a stock can still be punished. The true winners from earnings season are those who can deliver the coveted "Triple Play":
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A positive earnings surprise
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A positive revenue surprise, and
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Significant positive earnings estimate revisions
And as the well-documented "post-earnings announcement drift" shows, these blow out quarters are often handsomely rewarded by the market for several weeks after a company reports.
4 Triple Plays
So which companies have delivered the "Triple Play" this earnings season? I ran a screen in Research Wizard, and here are 4 of the top companies from the list:
Evercore Partners (EVR)
EPS Surprise: +56%
Revenue Surprise: +36%
4 Week Change in 2013 Consensus: +11%
Evercore Partners is an independent investment banking advisory firm. It is a Zacks Rank of 1 (Strong Buy).
Inter Parfums Inc. (IPAR)
EPS Surprise: +14%
Revenue Surprise: +2%
4 Week Change in 2013 Consensus: +6%
Inter Parfums operates in the fragrance business and manufactures, markets and distributes a wide array of fragrances and fragrance related products. It is a Zacks Rank of 1 (Strong Buy)
G&K Services Inc. (GK)
EPS Surprise: +13%
Revenue Surprise: +2%
4 Week Change in 2013 Consensus: +6%
G&K Services provides uniforms and facility services throughout North America. It is a Zacks Rank of 2 (Buy).
Synaptics Inc. (SYNA)
EPS Surprise: +46%
Revenue Surprise: +3%
4 Week Change in 2013 Consensus: +28%
Synaptics develops human interface solutions for many consumer electronics companies. It is a Zacks Rank of 1 (Strong Buy)
The Bottom Line
This earnings season has been decent, but these four companies each reported outstanding quarters and are well-positioned to run higher over the coming weeks.
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