BE Aerospace - Aggressive Growth
February 07 2012 - 7:00PM
Zacks
BE Aerospace (BEAV) has provided the market with an
excellent track record of positive earnings surprises. Add in the
idea of rising estimates for 2012 and aggressive growth investors
will be happy to see this stock is a Zacks #1 Rank (Strong Buy).
Company Description
BE Aerospace, Inc. engages in the design, manufacture, sale, and
service of commercial aircraft and business jet cabin interior
products worldwide.
Earnings Surprises Streak
BEAV has delivered a positive earnings surprise in each of the
last seven quarters. Most of the beats are only a few cents, but it
shows that management realizes the importance of under promising
and over delivering.
The last two earnings surprises have resulted in some good moves
for the stock. The September 2011 quarter was revealed to Wall
Street in late October and the stock gained 4.3% as a result. The
most recent earnings report was released on February 1, 2012 and it
saw stock price appreciation of nearly 6%..
UTEK Reported Earnings
On February 1, 2012 the company reported revenue of $655 million
up from $542 million in the year ago period. In addition, earnings
per share came in at $0.60 up from $0.47 posted a year ago and
$0.04 higher than the Zacks Consensus Estimate of $0.56.
Valuations
BEAV trades at a premium to the industry average for most
metrics that aggressive growth investors pay attention to. A
forward PE of 16x may not seem like much, but in comparison to the
industry average of 10x, the premium tends to stand out. One metric
that BEAV carries a discount to the industry average is price to
book. The company trades at 2.5x compared to the 2.6x for the
industry.
The Chart
The price and consensus chart shows that analysts believe the
company will continue to deliver higher and higher earnings. When
we see a stock significantly lower than the earnings lines on this
chart, it is generally a sign that the company is undervalued and
primed for growth. BEAV is a Zacks #1 Rank (Strong Buy).
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From May 2024 to Jun 2024
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From Jun 2023 to Jun 2024