Brinks (BCO) has posted several positive earnings surprises and is now a Zacks #1 Rank (Strong Buy).
The Brink's Company engages in the provision of secure transportation, cash logistics, and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. Its services include cash-in-transit armored vehicle transportation; automated teller machine services, including cash replenishment, monitoring and forecasting capabilities, deposit pick-up, and processing services. The Brink's Company was founded in 1838 and is headquartered in Richmond, Virginia.
Brinks Tops Estimates in Five of Seven Quarters
Brinks topped the Zacks Consensus Estimate in five of the last seven quarters. The average surprise over the last seven quarters was $0.055 above the Zacks Consensus Estimate which works out to be an average beat of more than 13%. As a result of the positive earnings surprises, the stock has moved higher by an average of 1.5% following the earnings releases.
The largest price movement in the stock came the day after the company reported the March 2012 quarter. Brinks reported a topline result of $967 million, in line with the Zacks Consensus Estimate and up 6% from the year ago period. EPS of $0.58 was $0.19 higher than the $0.39 Zacks Consensus Estimate and the stock moved higher by about 18%.