If you like to use a company’s P/E ratio to determine its value, then you’ll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screen’s exclusive criteria are: Deckers Outdoor Corp. (NASDAQ: DECK), Mylan, Inc. (NYSE: MYL), Interactive Brokers Group, Inc. (NASDAQ: IBKR) and Perfect World Co., Ltd. (NASDAQ: PWRD). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837.
Here are details about four companies currently identified by the PEG Ratio Profit Track:
Deckers Outdoor Corp. (NASDAQ: DECK) earned its place on the PEG Ratio profit track with an average broker recommendation of 1.62 and a PEG ratio .53. This Zacks #1 Rank company reported third-quarter earnings of $1.97 per share, compared to $1.47 last year. Analysts were expecting $1.82 per share. Moreover, DECK raised its revenue guidance and now expects an increase of 52%, compared to its previous guidance for a rise of 43%. DECK designs, manufactures, and markets innovative, function-oriented footwear and apparel.
Mylan, Inc. (NYSE: MYL) reported third-quarter net earnings of 23 cents per share, compared to 16 cents in the preceding quarter. In addition MYL delivered a 91.67% surprise. The company placed on the PEG ratio profit track with a 12-month trailing PE of 15.81 and an average broker recommendation of 1.44. MYL is one of the world's leading quality generic and specialty pharmaceutical companies.
Interactive Brokers Group, Inc. (NASDAQ: IBKR) enjoys a Zacks #1 Rank and a PEG ratio of .54, making this undervalued stock a great pick for the PEG ratio profit track. In the third quarter, IBKR reported earnings of 65 per share, compared to 53 cents in the previous year. In addition, the company sports an average broker recommendation of 2 and a 12-month trailing PE of 9.67. IBKR is an automated global electronic market maker and broker.
Perfect World Co, Ltd. (NASDAQ: PWRD) enjoys an average broker recommendation of 1.38 and a PEG ratio of .22. In the third quarter, PWRD delivered a 13.16% surprise with net earnings of 43 cents per share, compared to 38 cents in the preceding quarter. In addition, the company is currently enjoying a Zacks #1 Rank and a per share price of $17.99. PWRD is a leading online game developer and operator in China.
Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838.
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=2156.
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