The Zacks Analyst Blog Highlights: Citi Trends, NCR, Diebold, Iteris and Advent Software

   The Zacks Analyst Blog Highlights: Citi Trends, NCR, Diebold, Iteris and
                               Advent Software

PR Newswire

CHICAGO, Aug. 28, 2013

CHICAGO, Aug. 28, 2013 /PRNewswire/ announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog includethe Citi Trends, Inc.
(Nasdaq:CTRN-Free Report), NCR Corp. (NYSE:NCR-Free Report), Diebold Corp.
(NYSE:DBD-Free Report), Iteris, Inc. (AMEX:ITI-Free Report) and Advent
Software Inc. (Nasdaq:ADVS-Free Report).


Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Tuesday's Analyst Blog:

Citi Trends Upped to Strong Buy

On Aug 24, 2013, Zacks Investment Research upgraded Citi Trends, Inc.
(Nasdaq:CTRN-Free Report) to a Zacks Rank #1 (Strong Buy). Shares of this
retailer of apparel, accessories, and home decor products have amassed an
impressive year-to-date return of roughly 25.4%.

Why the Upgrade?

Citi Trends has been witnessing rising earnings estimates on the back of
better-than-expected second-quarter fiscal 2013 results reported on Aug 21.
The company's strategic initiatives such as better utilization of floor area,
improvising merchandise margins and efficient inventory management have helped
it to make a significant turnaround.

The company's loss narrowed to 37 cents per share from a loss of 54 cents
reported in the year-ago quarter. Moreover, it fared better than the Zacks
Consensus Estimate of a loss of 43 cents per share.

Including the quarter under review, in the past 4 quarters the company has
outperformed the Zacks Consensus Estimate by an average of 29.8%.
Additionally, the company's long-term estimated EPS growth rate is 11.7%.

Citi Trends reported sales of $137.8 million, marking an increase of 4.2% from
the prior-year quarter, primarily driven by improved comparable-store sales
performance. The sales also came ahead of the Zacks Consensus Estimate of $137
million. Comparable-store sales in the quarter were up 1.7%.

Looking at fiscal 2013, the company expects to continue posting positive
comparable store sales and improved gross margin with lower levels of

Following impressive results, we are witnessing a rise in the Zacks Consensus
Estimate, as analysts become more constructive on the stock's future
performance. The Zacks Consensus Estimate for fiscal 2013 improved to a break
even from a loss of 4 cents and for fiscal 2014 it jumped by a penny to 32
cents a share, over the past 7 days.

NCR Retail Solutions for Chinese Malls

NCR Corp. (NYSE:NCR-Free Report) recently announced that it is providing
retail technology solutions to four Chinese shopping malls, including Beijing
Baishang, Chengdu Global, Chengde Golden Dragon Royal and Baoding Ginza
shopping mall to make shopping easier for convenience store shoppers.

The partnering with NCR will help to improve customer satisfaction to a
considerable extent by automating some basic functions and allowing better
customer relations. This should in turn help to attract new customers.
Shopping malls typically experience stiff competition and need to be extremely
customer-friendly, so better services and quick checkout are likey to increase

The initial 240 NCR POS systems were sold through NCR's retail distributor in
China, Beijing Ankexinchuang Science and Technology Development Co. Ltd. The
distributor also provides data analysis, software development, system
integration, hard and software products distribution which provides faster and
quality shopping experiences for customers and increases operational

NCR reported revenues of $1.54 billion in the second quarter of 2013, up 8.9%
from $1.41 billion in the year-ago quarter. The year-over-year improvement in
revenues was mainly due to a 5.2% increase in Product revenues and a 12.7%
increase in Service revenues.

NCR is generating decent growth in software and service revenues across its
segments. Moreover, the company's business volume is increasing regularly.

NCR Corporation is a global technology company and a world leader in consumer
transaction technologies. However, softness in its ATM business in the mature
markets, stiff competition from Diebold Corp. (NYSE:DBD-Free Report), European
exposure and a high debt burden are concerns.

Apart from this, NCR is making considerable efforts to spread its wings in
Asian and African markets. The Asia-Pacific region, the Middle East and Africa
are the areas where the company is witnessing strong growth.

NCR Corp. has a Zacks Rank #3 (Hold). Other stocks in the technology industry
that are currently performing well and have good visibility include Iteris,
Inc. (AMEX:ITI-Free Report), having a Zacks Rank #1 (Strong Buy) and Advent
Software Inc. (Nasdaq:ADVS-Free Report), having a Zacks Rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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SOURCE Zacks Investment Research, Inc.

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