Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,782.92
    -472.95 (-0.91%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Behind the brand:

'Boutique hotel at sea': Virgin Voyages CEO hails Branson's 'biggest endeavour'

On board entrepreneur's latest venture

Bull Of The Day: Zagg (ZAGG)

Brian Bolan
Updated

Zagg Inc (ZAGG) is a Zacks Rank #1 Strong Buy) and has an "A" for its growth style score.  This helps the stock land on my radar, but to be honest, it has been on my screen for a long time now.  About three months ago, I profiled ZAGG here and the stock is up about 103% since.

Previous Bull / Trade

In my previous Bull of the Day on ZAGG, i noted that the stock was in my investor service Stocks Under $10 as we bought it looking to capitalize on ever increasing iPhone sales.  Seems the story that worked then has worked again, but only to a higher degree.

You can read the previous Bull of the Day on this link.

ADVERTISEMENT

Description

ZAGG Inc, makes mobile tech accessories for smartphones and tablets. The company operates through ZAGG and mophie segments. It offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; earbuds, headphones, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands. ZAGG Inc is headquartered in Midvale, Utah.

Recent Earnings

The company extended its beat streak to 3 in early November, as EPS topped the Zacks Consensus Estimate by 2 cents.  

Included in the release was an increase of guidance, as the company now forecasts sales to be $500M to $520M, up from the previous guidance of $470M-$500M and comfortably higher than the $493M estimate at that time.

Estimate Revisions

Estimates have moved higher since the earnings report, with the Zacks Consensus Estimate for 2017 moving from $0.85 to $0.99.  The number for next year has also moved higher, going from $1.09 to $1.27.

The driver for these increases is clearly the strong launch of the new Apple iPhone.

Chart

ZAGG Inc Price and Consensus

ZAGG Inc Price and Consensus | ZAGG Inc Quote

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ZAGG Inc (ZAGG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research