(CUB) Cubic Corporation – Growth And Income – Zacks Rank Buy

June 16th, 2009

Cubic Corporation (CUB) has watched analysts hike earnings estimates since it was last featured as a Growth and Income pick in Late May. For the fiscal year ending September 2009, Wall Street forecasts of $2.05 per share are up 2% over the past month and 8% over the past 60 days.

For the following year, analysts see earnings of $2.23 per share, versus last month’s $2.17 and the 2 months-ago forecast of $2.03.

During the past 4 straight quarters, Cubic Corporation delivered earnings that were 16% ahead of analysts expectations.

Recent Events

Cubic, the parent company of defense and transportation businesses, recently announced that is defense business received more than $45 million in new bookings for air combat training instruments for the U.S. Air Forces, Europe and U.S. Navy.

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