TeleTech is a global provider of outsourced business solutions. The services are centered around customer service and back-office processes.

EPS Beats the Street

Quarterly results released on Oct 28 included earnings per share of 32 cents, 9 cents higher than the Zacks Consensus Estimate. Revenues were down considerably, but the gross margin improved 3.3% to 30.9%.

Free cash flow for the quarter grew 7% to $54 million, since the same period last year. The company is also maintaining a net positive cash position of $106 million.

Estimates Pop

Following the report, analyst estimates came streaming in. In the past 7 days 8 of the 10 analysts providing estimates for this year raised their projections. The Zacks Consensus Estimate is now $1.19, up from $1.07, as the estimates were not weighed down by any lowered estimates.

After a similar jump for next year's estimates, to $1.21, the annual growth rates are expected to be 10% and 2%, respectively.

Solid Value

One share of TTEC costs about 16 times forward earnings. The stock is also trading with a PEG ratio of just 0.7 times.

The Chart

Calling the session following the earnings release a volatile one is quite an understatement. However, shares ultimately finished higher and have since broken out of the trading range that had bound the stock. Take a look at the chart below.

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Aggressive Growth -- TeleTech Holdings, Inc. (Nasdaq: TTEC) TeleTech Holdings, Inc. share are surging following the latest earnings reports and analyst estimates.

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Growth & Income -- Perrigo Company (Nasdaq: PRGO) Perrigo Company recently reported record fiscal first-quarter earnings of 65 cents per share, topping last year's 41 cents and exceeding the Zacks Consensus Estimate of 47 cents. Revenue jumped 16% year-over-year. The company hiked its fiscal year guidance to a range of $2.35 - $2.45 per share from a previous range of $2.00 - $2.12.

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Momentum -- DeVry, Inc. (NYSE: DV) DeVry, Inc. reported better than expected first-quarter results on Oct. 27, marking the fourth time in the last four quarters the company has either matched or beat the Zacks Consensus Estimate.

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Value -- Harbin Electric, Inc. (Nasdaq: HRBN) Harbin Electric, Inc. is growing quickly as it takes full advantage of the Chinese stimulus plan. Harbin has a PEG ratio of just 0.78.

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Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. in Mathematics from M.I.T. found that "earnings estimate revisions are the most powerful force impacting stock prices." Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

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SOURCE: Zacks.com

Zacks.com 
Aggressive Growth Stocks: 
Contact: Bill Wilton 
Phone: 312-265-9277 
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Contact: Alex Kolb 
Phone: 312-265-9149 
or 
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Contact: Michael Vodicka 
Phone: 312-265-9226 
or 
Value Stocks: 
Contact: Tracey Ryniec 
Phone: 312-265-9232 
Email: pr@zacks.com 
Visit: www.zacks.com

Expected next investor conference call information:
Conference Call Date: 7/30/2009
Conference Call Time (ET): 8:30 AM
Conference Call URL: http://www.teletech.com/en-US/investors/conferencecalls/

Expected next investor conference call information:
Conference Call Date: 7/30/2009
Conference Call Time (ET): 8:30 AM
Conference Call URL: http://www.teletech.com/en-US/investors/conferencecalls/