Miller Industries (MLR) and Crocs (CROX) - Zacks #1 Rank Top Performers
June 19 2011 - 8:00PM
Zacks
Miller Industries, Inc. (MLR) ended Monday's session as one
of the top-performing Zacks #1 Rank companies, while the market put
together a third straight day of gains.
Shares increased 6.18% today with volume at a little more than
86,000, compared to the daily average of about 53,000.
The 3 analysts covering MLR have been sitting still over the
past 30 days, but the Zacks Consensus Estimates for 2011 and 2012
show that its quarterly report from early May was well
received.
The Zacks Consensus Estimate for this year is currently $1.52
per share, or 25.6% better than 2 months ago. As for 2012, the
expectation of $1.44 per share has advanced 14.3% in the same time
frame.
Miller Industries is the world's largest manufacturer of towing
and recovery equipment, and markets its towing and recovery
equipment under a number of well-recognized brands, including
Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige,
Boniface and Eagle.
The company is part of the auto-truck – orig industry. There are
4 other names from this space on today's Zacks #1 Rank List:
Dana Holding Corporation (DAN), Federal-Mogul
Corporation (FDML), Titan International, Inc. (TWI) and
WABCO Holdings Inc. (WBC).
Government-related revenues led to a solid first quarter report
for MLR. Earnings per share of 61 cents blew past the year-ago
performance. It also handily beat the Zacks Consensus Estimate by
more than 110%, marking the fifth straight quarter with a positive
earnings surprise.
Net sales of $108.9 million soared nearly 51% from last year's
$72.3 million.
Looking forward, the company expects second-quarter revenue to
decline from the first quarter, but is "cautiously optimistic" for
the rest of 2011 and believes that it is prepared to take advantage
of any future opportunities.
Right behind MLR was Crocs, Inc. (CROX), which gained
6.16% Monday. Volume moved past 2.9 million shares, versus the
daily average of around 1.5 million.
CROX announced a very solid first-quarter report in late April,
which included earnings per share of 24 cents on revenue of $226.7
million. The earnings result surpassed the previous year's 7 cents
many times over, and also topped the Zacks Consensus Estimate by
more than 26%. It was the company's seventh straight quarter with a
positive surprise.
Meanwhile, revenue increased by nearly 36% year over year from
$166.9 million.
CROX expects second quarter revenue to improve 23% to $280
million, while earnings per share should be around 43 cents.
The Zacks Consensus Estimate for 2011 is $1.11 per share, which
has been stagnant for the past 30 days but is up 4.7% from 2 months
ago. Analysts expect 2012 profit to advance more than 24% over the
current year to $1.38 per share. That Zacks Consensus Estimate is
up 1.5% in the past 30 days and 4.5% in 60 days.
Crocs is a world leader in innovative casual footwear for men,
women and children. We have the company as part of the
Textile-Apparel industry. There are 2 other names from this space
on today's Zacks #1 Rank List: Delta Apparel, Inc. (DLA) and
Oxford Industries, Inc. (OXM).
By the way, neither MLR nor CROX were THE top performers on
Monday. That distinction goes to Universal Stainless & Alloy
Products, Inc. (USAP), which trounced every other name on the
list by gaining north of 13%.
USAP is a company that has been mentioned a lot in this article
in recent days, so for more background make sure to take a look at
our offerings from Thursday, Wednesday and Tuesday of last
week.
CROCS INC (CROX): Free Stock Analysis Report
DANA HOLDING CP (DAN): Free Stock Analysis Report
DELTA APPAREL (DLA): Free Stock Analysis Report
FEDERAL MOGUL-A (FDML): Free Stock Analysis Report
MILLER INDS INC (MLR): Free Stock Analysis Report
OXFORD INDS INC (OXM): Free Stock Analysis Report
TITAN INTL INC (TWI): Free Stock Analysis Report
UNVL STAINLESS (USAP): Free Stock Analysis Report
WABCO HOLDINGS (WBC): Free Stock Analysis Report
Zacks Investment Research
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