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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (25357)	2/19/1999 6:40:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

ZQK an earnings play from the last quarter. Where is it now?..This was a great winner last quarter and has gone on for more and successes. It is the first of Market Gems choices for March Earnings in the pre-season. Two upgrades and appearing in the Motley Fool column: How did it double? _________________________________ Surf's up at Quiksilver (NYSE:ZQK - news) ! After seeing its stock take an early September dip into the low teens, this hip apparel maker didn't just hang ten, but more like sev enteen or, maybe, Seventeen. While some of its customers, such as Delia's Inc. (Nasdaq:DLIA - news) and Pacific Sunwear of California (Nasdaq:PSUN - news) , have been hurt this year by the Gap's (NYSE:GPS - news) back-to-basics theme, Quiksilver has continued to grow with fashion-forward (and sometimes backward) designs. That's because it is leveraging its surf-shop credibility into a more mainstream business. The numbers tell the story. Sales for Q4 ending October 31 caught a wave, rising 57% to $104 million, as domestic sales soared 61% and European sales weren't far behind, up 42% in French francs or 49% in U.S. dollars. Net income exploded for a 99% gain as EPS came in at $0.43 versus $0.22 a year ago. Cruttenden Roth Initiates Coverage on Quicksilver, Inc. with a Buy Recommendation NEWPORT BEACH, Calif., Feb. 10 /PRNewswire/ -- The following is being issued by Cruttenden Roth, a member of the National Association of Securities Dealers, CRD number 15407: __________________________ Cruttenden Roth is initiating coverage of Quicksilver, Inc. (NYSE: ZQK - news) with a Buy recommendation and a twelve-month price objective of $39. Analyst John Olinski cites the following reasons for his Buy rating: Compelling teen demographics and increasing popularity of alternative sports support long term growth of authentic lifestyle brand portfolio. Roxy's momentum and roll-out of related accessories should result in more than 50% growth and $100.0 million of ''higher margin'' revenue from the brand in FY1999. Quicksilver brand remains underpenetrated in department stores and non-core markets creating solid long-term growth opportunities. Valued at a discount to the lower end of our 10%-25% estimated long-term growth, the stock provides potential for multiple expansion and capital appreciation beyond our price objective. _____________________________________ A.G. Edwards issued a Company Report on December 28, 1998 for Quiksilver, Inc.. On December 28, 1998 A.G. Edwards analyst Mitchel Kummetz issued a 8 page Company Report on Quiksilver, Inc. Report highlights: 'An AGGRESSIVE BUY rating was maintained as strong sales continue. Year 2000 EPS estimates were issued at $1.78, verses $1.48 in 1999 and $1.23 in 1998. A price projection in the mid $30 area is expected.' _____________________________ Investor's Business Daily: ZQK has reporting accelerating earnings growth the past two quarters, from 12% to 33% to 95%. Sales growth has stepped up the past three qurters, from 20% to 29% to 34% to 57%. Analysts expect Quiksilver to earn $1.48 per share in the October 1999 fiscal yar, up 20% from the prior fiscal period, and $1.79 in fiscal 200, a profit gain of 21%.