012 Smile.Communications, Ltd. (SMLC): Zacks Rank Buy

• By Bill Wilton
• On 1:00 am EDT, Monday October 19, 2009

012 Smile.Communications (NasdaqGM: SMLC - News) is up sharply over the past 3 months on solid earnings and estimate revisions.

Revenue Up

On Aug 12 the company reported a 10% increase in revenues to $74 million. Net income more than tripled to $6.6 million, or 26 cents per share. A 14% growth in the broadband service segment buoyed the successful quarter.

This was the second consecutive earnings surprise. The Zacks Consensus Estimate was 24 cents.

Rising Estimates

Over the past 3 months, the full-year estimates for this year are up 10% to $1.10. Next year's forecasts are averaging $1.24, up from $1.19.

These levels will produce year-over-year growth of 89% and 14%, respectively.

The Chart

Since the original feature as a Zacks Rank Buy, Smile has nearly doubled the returns of the S&P 500. The company's next quarterly report is on Nov 11.

Read the July 15th Feature Here

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012 SMILE.COM (SMLC): Free Stock Analysis Report

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