Here are details about four companies currently identified by the PEG Ratio Profit Track:
Basic Energy Services, Inc. (NYSE:BAS) recently reported its second-quarter results, which included earnings per share that topped the consensus estimate by about 21% and improved year-over-year. The company stated that it continues to benefit from strong demand for all of its services and excellent performance by its management in implementing growth plans. Basic Energy Services satisfies the criteria for this Profit Track as evidenced by its PEG ratio of 0.21.
Global Industries, Ltd. (Nasdaq:GLBL) posted record operating results for the second quarter in early August. Earnings per share surged past Wall Street expectations by approximately 118%. The company has managed to exceed analysts' expectation three times out of the past five quarters. Revenues increased 76% year-over-year. Global Industries has a PEG ratio of 0.54.
Helix Energy Solutions Group, Inc. (NYSE:HLX), a Zacks #1 Rank (Strong Buy) company, announced second-quarter earnings of 83 cents per share in early August. The result eclipsed the consensus estimate by nearly 14% and surpassed last year's total. The company mentioned that it had a record quarter on the back of continuing improvement in the market place for its contracting services. HLX also reiterated that it expects 2006 earnings to fall in the higher range of $3.20 - $3.70 per share. Wall Street is forecasting $3.45, up 12 cents from two months ago. Helix's PEG ratio is 0.23.
ON Semiconductor Corp. (Nasdaq:ONNN) offers a PEG ratio of 0.41. In late July, the company released its financial results for the second quarter. Earnings per share beat the consensus estimate by almost 54% and outperformed the year-prior result. ONNN said its improving mix, new product introductions and cost competitive manufacturing capabilities helped drive a record quarterly gross margin percentage, net income and earnings per share.
Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868.
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