(LZ) Lubrizol Corp. – Growth And Income – Zacks Rank Buy

July 20th, 2009

Lubrizol Corp. (LZ) recently spiked on its preannouncement of second-quarter earnings that are projected to come in above expectations.

LZ Hikes Outlook

The company sees adjusted earnings of $2.02 per share. The quarterly results are scheduled for release on July 30.

Shares have been outperforming the market and are 16% ahead of where they were trading 3 weeks ago, when LZ was last featured as a Growth and Income pick.

Analysts Followed Suit

Wall Street analysts upped their second-quarter earnings forecasts to $2.02 per share from last week’s $1.21.

For the year, analysts are calling for earnings of $4.25 per share, versus last week’s $4.25. For 2010, the consensus estimate of $4.71 is above last week’s $4.68. The most accurate estimate for both years is a more bullish $4.81.

Zacks Investment Research
View original at: Zacks.com News Feed

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Read more on Lubrizol at Wikinvest

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