3D Systems Among 6 Top Stocks With Rising Estimates

Emphasizing the positive, analysts typically offer bullish earnings forecasts on companies, then steadily whittle their targets as reality sets in and report dates near. So when Wall Street boosts EPS estimates on leading companies, investors should take special notice.

Today’s Screen Of The Day is Leaders With Rising Estimates, top-rated companies with the greatest upward revisions to their earnings estimates.

Here is a look at six of those leaders: FleetCor Technologies (FLT), Grand Canyon Education (LOPE), Hertz Global (HTZ), TripAdvisor (TRIP), Illumina (ILMN) and 3D Systems (DDD).

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FleetCor Technologies, a payment card company, serves operators of commercial fleets and oil companies who give employees fuel cards to operate their fleets.

Its share price has more than doubled since it broke out of a base in August. It hit an all-time high at 88.83 on May 30, before retreating a bit. FleetCor rose 1.5% to 85.42 on the stock market Thursday.

Grand Canyon Education, — along with China’s New Oriental Education Technology Group (EDU), also on the Rising Estimates list — is a leader in the hot for-profit college operator market.

Grand Canyon sports a 99 IBD Composite Rating, meaning its stock has outperformed 99% of all stocks recently on crucial items such as profit and sales growth.

Analysts expect a 14% EPS gain this quarter.

Shares jumped 14% on May 8 after it beat analyst quarterly estimates the day before. Grand Canyon rose 1.1% on Thursday.

Hertz Global is in the process of moving its headquarters to bigger digs in Estero, Fla., from New Jersey after it acquired Dollar Thrifty Automotive last November for $2.3 billion. Industry consolidation and improving travel demand is helping Hertz boost car rental rates.

Shares have traded above their 50-day line since mid-November. But after a sharp drop Wednesday, Hertz briefly undercut its 50-day Thursday before rising to close up 0.7%.

Hertz earnings are expected to rise 29% this quarter.

TripAdvisor provides online travel-related content including reviews. As the economy gradually warms, consumers globally are beginning to travel again. Shares have traveled 117% higher since Nov. 1, closing up 0.8% Thursday.

Wall Street is betting on a 20% earnings gain for TripAdivsor.

Illumina, specializes in systems that do gene sequencing. Shares gapped up 14% to a 21-month high on April 25 after Illumina topped analysts’ Q1 estimates.

Wall Street now sees flat earnings in the current quarter.

Shares were up 0.5% Thursday.

3D Systems is a leader in the rapidly expanding 3D printer market. Its devices use software to mold plastic, layer-by-layer, into real-world devices from toys to prototype home appliances. 3D Systems and Stratasys (SSYS) were pioneers in the market.

Recent IPO ExOne (XONE) shot up 11.6% Thursday as an analyst cited its metal-based 3D printer systems.

3D Systems, which uses plastic-based additive systems, jumped 5.6%.

Analysts see a 33% EPS gain in the current quarter.


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Article source: http://news.investors.com/business/060713-659154-3d-systems-fleetcor-have-rising-earnings-estimates.htm

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