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AZZ incorporated (AZZ): Price defines bullish 'pennant' pattern

AZZ incorporated (NYSE: AZZ) makes electrical products that distribute power to and from generators, transformers, switching devices, and other electrical configurations. It also offers lighting products for the petroleum, food processing, and power generation industries. Its Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry. Competitors include General Electric (NYSE: GE) and Eaton Corporation (NYSE: ETN).

The company pleased investors late last month, when it reported fiscal Q1 EPS of 82 cents and revenues of $100.0 million. Analysts had been expecting 54 cents and $90.1 million. Incoming first quarter orders set a company record of $106.9 million. The book to ship ratio came in at 107%. Management also guided FY09 EPS to $2.95-$3.05 ($2.43 consensus) and FY09 revenues to $410-$425 million ($400.04M consensus).

Continue reading AZZ incorporated (AZZ): Price defines bullish 'pennant' pattern

Market highlights for next week: Best Buy and Research in Motion to report earnings

Monday, March 31
  • InterOil Corporation (AMEX: IOC) to report quarterly earnings; conference call at 8:30am.
  • Fed Reserve San Fransisco Bank President Janet Yellen to speak about foreclosures at 12:00pm.
Tuesday, April 1

Continue reading Market highlights for next week: Best Buy and Research in Motion to report earnings

AZZ incorporated: Shares form bullish flag on solid Q3 results

AZZ incorporated (NYSE: AZZ) makes electrical products that distribute power to and from generators, transformers, switching devices, and other electrical configurations. It also offers lighting products for the petroleum, food processing, and power generation industries. Its Galvanizing Services segment provides hot-dip galvanizing to the steel fabrication industry. Competitors include General Electric (NYSE: GE) and Eaton Corporation (NYSE: ETN).

The company pleased investors last week, when it reported Q3 EPS of 66 cents and revenues of $86.6 million. Analysts had been expecting 53 cents and $78.0 million. Management also guided FY08 EPS to $2.12-$2.22 ($2.12 consensus) and FY08 revenues to $315-$325 million ($321 million consensus). The stock popped into the initial stage of a bullish "flag" pattern on the news. Equities frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Continue reading AZZ incorporated: Shares form bullish flag on solid Q3 results

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 07:49 PM

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