(MCRS) - MICROS Systems - earnings estimates have been on the rise after the company's impressive fiscal first-quarter earnings

MICROS is experiencing strong earnings momentum. As would be expected, earnings estimates have been on the rise after the company's impressive fiscal first-quarter earnings. Over the past 60 days, this year's numbers have increased 6.0% to $1.94 per share. There is only one analyst covering the stock at the moment. Full Analysis MICROS Systems, Inc. (MCRS) engages in the design, manufacture, marketing, and servicing of enterprise information solutions for the hospitality and specialty retail industries. Its enterprise solutions include hotel information systems consisting of software encompassing property management systems, sales and catering systems, central reservation systems, and customer information systems. The company also provides spare parts, media supplies, network products, printers, installation services, operator and manager training, onsite hardware maintenance, customized software development, application software support, credit card software support, systems configuration, network support, help desk, software hosting, and consulting. Micros reports fiscal first-quarter earnings on October 26. The company turned in exceptional results in its latest quarter in late-August. For the quarter ended June 30, Micros earned $21.4 million, or 53 cents per share, compared with $18.1 million, or 45 cents per share, for the same quarter in 2005. Revenue grew to $191.8 million from $172 million in the year-ago period. Analysts expected 48 cents per share for the company. Tom Giannopoulos, MICROS's Chairman and CEO, stated: "We are extremely pleased with the record results for the fourth quarter and fiscal year. We are proud of our achievements and are appreciative of the trust that customers put in our products and services. The quality of our products and the outstanding efforts of our employees continue to contribute to our success." As would be expected, earnings estimates have been on the rise after the company's impressive fiscal first-quarter earnings. Over the past 60 days, this year's numbers have increased 6.0% to $1.94 per share. There is only one analyst covering the stock at the moment. The stock is trading at 22.4x next year's estimate of $2.25 per share, above the long-term growth rate of 16.50%, giving the stock a PEG ratio of 1.36. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home