The top ranking company reporting this morning with a rank of [54/60] is Urban Outfitters (URBN), without a doubt the best retailer around with outstanding, consistent growth every quarter for the last 3 years. Management owns a good portion of the company (35%) and institutions continue to initiate new positions. This morning the company is reporting inline at .36/share which is good for a 49% increase over the year ago period. Total revenue grew 34% with same store sales growth of 10%. The stock is down just a bit in premarket trading.
The Knot (KNOT) [Rank 50/60], is an online provider of everything wedding related and certainly a company to keep an eye on. The company went public at the height of the dot com frenzy in December ’99, but didn’t see its first year in the black until 2003. It struggled with consistency in 2004, but reported outstanding results for the first quarter in ’05. Expectations are for the company to ramp up growth for ’05 and ’06 and there is no reason to think otherwise with great results posted again this morning. The company beat the estimate of the lone analyst covering the company by .03/share by reporting .05 share, good for a 400% increase over the year ago period. Revenues increased 25% in the quarter, driven by a 45% increase in advertisement spending. Technically, the stock looks outstanding, although I’d like to see a bit more consolidation in the handle there. At any rate, results should drive the stock this morning so its worth keeping an eye on.
Others reporting (in order of rank)…
Draxis Health (DRAX) & Centennial Communications (CYCL).