Why FutureFuel (FF) Is Surging on Tuesday
NEW YORK (TheStreet) -- FutureFuel
By midmorning, shares had added 17% to $20.55.
The biodiesel producer reported net income of 61 cents a share in the three months to December, a 306% jump on the year-ago quarter's earnings. Analysts' estimates compiled by Thomson Reuters called for net income of 23 cents a share.
Revenue jumped 68% year over year to $125.6 million, well over analyst consensus of $75.15 million.
"We are committed to improve and position our company for future growth both organically as well coupled with strategic acquisitions when appropriate," said president Lee Mikles in a statement.
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TheStreet Ratings team rates FUTUREFUEL CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FUTUREFUEL CORP (FF) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: FF Ratings Report