The highest ranked company (55/60) in the entire SelfInvestors.com database reported earnings after the bell today. That company is Quality Systems (QSII), a key player in the push to digitalizing the health care industry. Quality Systems continues to post strong results quarter after quarter, year after year. In fact, the company was profitable in 1999 and has increased earnings every year in the 30 – 50% range with remarkable consistency ever since. This evening the company reported another very strong quarter – beat on earnings by .04/share and on revenues by a couple percent. As it should, the stock is reacting positivey after hours, up nearly 6%. As far as the base goes, it’s a bit on the short side and I’d like to see more consolidation after a quick runup in the right side. Other than that, the volume levels look outstanding and indicate heavy accumulation over the past couple months.
One of the highest rated oil companies, Atlas America (ATLS) will report results this evening. Considering the kind of profits being generated by other leading oil companies, there’s no reason to think that Atlas won’t beat handily as well. The stock has carved out a real nice looking base and broke out in heavy trade a few days ago, but remains outside of an acceptable range at this point. By the way, when was that logo designed? I’m thinking 1984.
The Best ‘O The Rest (in order of rank)
- [49/60] Penn Virginia Resource Partners (PVR): Blow Out Earnings! Penn Virginia leases coal mines to 3rd party operators and the company absolutely blew past expectations and beat by .17/share, as earnings grew by 87% from the year ago period. That came on soaring sales growth of 495% in the same period. No reported change after hours, but this is one worth keeping an eye on tomorrow. It’s currently carving out the right side of a large base.
- [49/60] Perficient (PRFT): The e-business solutions provider to businesses reported nice growth from the year ago period and beat after the bell by a penny but guided lower for Q3. Year over year earnings and revenue growth came in at 40 and 90% respectively. No change to report after hours. The stock broke out on July 14th, but remains in a buyable range and near support of the 50 day moving average.
- [48/50] CNS Inc (CNXS): Blow Out Earnings! The developer of consumer health products, including the Breathe Right nasal strips is another company that blew away estimates after the bell today by reporting .27/share on revenues of 23.5 million (analysts expected .17/share on revenues of 20 million). Strong earnings were the direct result of a doubling of sales of its chewable fiber tablets and an 86% increase in sales of Breathe Right strips internationally. The stock is well extended from a proper base, but bounced off support yesterday and today. After hours the stock is soaring more than 13%.
- [48/50] Peets Coffee (PEET): The high end coffee retailer reported another strong quarter with earnings rising 38% and revenues rising 24% from the year ago period. They beat estimates by .02 a share, but the stock is down a few percent after hours. The stock is hovering around key support of the 50 day moving average.
- [47/50] Symmetry Medical (SMA): The provider of implants, related instruments and cases to orthopedic device manufacturers posted solid results after the bell by reporting an earnings increase of 55% on revenues that were up 32% from the year ago quarter. That beat estimates by a penny. The company also uppped guidance for the full year ’05. No change to report after hours.
- [47/50] Barrett Business Services (BBSI): A thinly traded stock off the radar of most investors, but nothing thin about earnings growth over the past couple years. Earnings increased 253% in ’03 over ’02 (a year the company lost money) and increased earnings 243% the following year. Growth in ’05 has slowed from those lofty levels, but the company reported another solid quarter after the bell by posting earnings growth of 55% and revenue growth of 25% from the year ago period. That beat estimates by .03/share and the stock is up after hours by more than 7%. The stock broke out on July 11th and sits just outside of an acceptable buy range. Keep an eye on this one!