On Dec 16, Zacks Investment Research upgraded
Sharps Compliance Corp.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The upgrade was primarily based on Sharps Compliance's strong
first-quarter 2014 results, which reflected its ongoing
initiatives for improving sales and marketing, its strong balance
sheet with ample cash flow from operations, and significant
growth in its operating income.
The company's shares reached a new 52-week high of $5.24 on
Nov 25, reflecting a 125.0% increase in share prices since the
beginning of the year. Sharps Compliance also delivered positive
earnings surprises in three of the last four quarters with an
average beat of 47.22%.
Sharps Compliance reported fiscal first-quarter 2014 results
on Oct 23. Revenues were up 21.7% year over year. The company's
customer billings surged 23.6% to $6.7 million in the quarter,
reflecting a positive progress of the business in the quarter.
The billings increased in the Sharps Compliance's Retail,
Professional and Home Health Care businesses, partially offset by
weak billings in the Core Government market business.
The Zacks Consensus Estimate for fiscal 2014 has increased
87.5% to a loss of 1 cent per share with an upward revision in
earnings estimate over the last 60 days.
Other Stocks to Consider
Investors can also consider other stocks in the industry that
are performing well right now. These include
Donaldson Company, Inc.
Perma-Fix Environmental Services Inc.
). While Fuel-Tech carries a Zacks Rank #1 (Strong Buy),
Donaldson Company and Perma-Fix Environmental Services both carry
a Zacks Rank #2 (Buy).
DONALDSON CO (DCI): Free Stock Analysis
FUEL TECH INC (FTEK): Free Stock Analysis
PERMA-FIX ENVIR (PESI): Free Stock Analysis
SHARPS COMPLIAN (SMED): Free Stock Analysis
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