Shipping, DryShips and Suntech Power Holdings
CHICAGO--(BUSINESS WIRE)--December 04, 2007
Zacks.com announces the latest list of top performing Zacks #1
Rank ("strong buy") stocks. The stocks on the prestigious list with
the highest returns last week were TBS International Ltd. (NASDAQ:
TBSI), Excel Maritime Carriers Ltd. (NYSE: EXM), Diana Shipping Inc.
(NYSE: DSX), DryShips Inc. (NASDAQ: DRYS) and Suntech Power Holdings
Co. Ltd. (NYSE: STP). Each of these stocks easily outperformed the S&P
Stocks ranked #1 (Strong Buy) by Zacks have produced an average
annual return of +32% since inception in 1988. During the 2000-2002
bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500
tumbled 37.6%. To learn more about the Zacks Rank, go to
Here is a synopsis of the last week's best performing Zacks #1
TBS International Ltd. (NASDAQ: TBSI) was the best-performing
Zacks #1 Rank last week as shares gained 38%. Earnings estimates for
this year are up 10.5% over the past 30 days. Like many other
companies in the drybulk sector, TBS Int'l took a break from appearing
on the list as the space cooled down from its rapid ascent. However,
drybulk shippers made a strong comeback last week.
For its third quarter, the ocean transportation company announced
earnings per share of 96 cents, which beat the consensus by almost
25%. The result also easily improved upon the year-earlier
performance. Total revenues jumped 41.3% to $92.4 million, versus
$65.4 million in the third quarter 2006. Voyage revenues advanced
49.7% to $71.7 million. According to the company, the quarter was its
strongest in history in terms of operational and financial results.
Excel Maritime Carriers Ltd. (NYSE: EXM) returned to the top
performers list for the week ended Nov 30 as shares gained more than
36%. Thanks in part to very favorable conditions in the drybulk
shipping industry, the company has made the list numerous times this
Shares of EXM slipped a bit when some of its third-quarter results
fell short of expectations. Nonetheless, the performance included
impressive year-over-year gains, such as total revenues that moved to
$43.2 million from $32.7 million. Earnings per share nearly doubled
from the previous year. The company was able to take advantage of the
strong freight rate environment. Also during the quarter, Excel
Maritime increased its fleet to 18 vessels.
Diana Shipping Inc. (NYSE: DSX) is yet another drybulk shipper
that made the top performers list last week. In mid-November, the
company reported some solid third-quarter results, including voyage
and time charter revenues that advanced to $49.1 million from $30.6
million. DSX attributed this rise to an increase in prevailing time
charter rates and in the number of vessels in its fleet. Earnings
advanced year over year as well thanks to strong market conditions,
prudent management of the fleet and the sale of an older vessel.
Shares of Diana Shipping soared almost 23% last week. Earnings
estimates for this year are up approximately 4.5% in the past month.
The company stated that the dry bulk market remains firm with
historically high levels of demand. DSX is confident about the future
and expects to continue benefiting from the favorable market
DryShips Inc. (NASDAQ: DRYS) has appeared on the Zacks #1 Rank Top
Performers list more than any other drybulk shipper, so it's only
fitting that the company made an appearance in the group last week.
Shares gained almost 23%. Earnings estimates continue to trend higher,
including advances of 14.5% and 10%, respectively, over the past
two-month and 30-day time periods.
The company reported third-quarter earnings per share, excluding a
gain, of $2.38 in early November, which surpassed the consensus by
about 1.7%. The result also marked a strong rise from the previous
year. Voyage revenues increased to $150 million from $60 million. By
the second quarter of 2008, DryShips expects its fleet to consist of
46 vessels with an average age well below the industry average.
According to the company, its outlook for 2008 remains positive and it
is in a unique position to seek growth opportunities.
Suntech Power Holdings Co. Ltd. (NYSE: STP) is a leading solar
energy company as measured by both production output and capacity of
solar cells and modules. The company made the top performers list for
the week ended Nov 30 with shares that improved more than 16%.
Earnings estimates for this year are up about 5% over the past 30
Suntech is part of a growing industry. Robust demand and solid
operational execution led to a strong third-quarter performance, which
was announced last month. Total revenues jumped 137.3% to $386.7
million. Meanwhile, earnings per share of 32 cents topped the
consensus and bettered the year-ago result.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate
revisions are the most powerful force impacting stock prices." Since
inception in 1988, #1 Rank stocks have generated an average annual
return of +32%. During the 2000-2002 bear market, Zacks #1 Rank stocks
gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the
Zacks Rank system has just as many Strong Sell recommendations (Rank
#5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5
stocks have underperformed the S&P 500 by 129% annually (+5 % vs.
+12%). Thus, the Zacks Rank system allows investors to truly manage
portfolio trading effectively.
To view the current Zacks #1 Rank List and to see additional Zacks
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The performance of the Zacks Rank portfolios shown above for
annual and year-to-date periods are the linked monthly total returns
(price changes + dividends) of equal weighted hypothetical portfolios,
consisting of those stocks with the indicated Zacks Rank, assuming
monthly rebalancing and zero transaction costs. These are not the
returns of actual portfolios. The hypothetical portfolios were created
at the beginning of each month from January 1988 forward based on the
values of the Zacks Rank available to Zacks' clients before the
beginning of each month. The portfolios created monthly from 1988
through September 2006 exclude ADRS and are comprised of stocks that
have the indicated Zacks Rank and were covered by at least two
analysts at the time of the stocks inclusion in the portfolio.
Starting in October 2006 and going forward, the portfolios are
comprised of all stocks with the indicated Zacks Rank and do not
exclude ADRs, which is more reflective of the list of stocks that
customers will find on the Zacks web sites. 2007 returns are for the
period of Jan 1 - Mar 31, 2007. These performance numbers have been
audited from 1995 through 2003 by Autschuler Melovan, a division of
American Express Financial.
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