Monro Muffler Brake Inc.

Monro Muffler Brake Inc. (MNRO) just hit a new 52-week high after breaking above a 6-month level of resistance at $28. The company's share price has also benefited from strong second-quarter results, reported on July 23.

Second-Quarter Results

Sales were up 6% from last year to $128 million. Income came in at $9.4 million, producing earnings of 46 cents per share, beating the Zacks Consensus Estimate by one penny.

Monro has been a steady player in a volatile market, having surprised in each of the last 4 quarters by an average of 2 cents, or 4%.

Estimates Holding Steady

Estimates are up a bit over the last few months, with the current year adding 2 cents and climbing to $1.46 per share. The next-year estimate is up 6 cents to $1.77, a bullish 21% growth projection.

The Chart

Shares of MNRO recently jumped above a 6-month level of resistance at $28, hitting a new 52-week and all-time high in the process. Take a look at the nice move below.

Last Week's Momentum Zacks Rank Buy Stocks

Global Partners LP (GLP) isn't showing any sign of slowing down after posting big gains over the last 6 months, recently hitting a new 52-week and all-time high. Read Full Article.

Silicon Laboratories, Inc. (SLAB) is up more than 100% in the last 6 months but still boats a bullish 38% next-year growth projection. Read Full Article.

Dow Chemical Co. (DOW) produced better than expected second-quarter earnings in late July and is paying down its debt load from its acquisition of Rohm and Haas. Read Full Article.

Dick's Sporting Goods (DKS) is one of the few companies in the challenging consumer environment that is posting year-over-year revenue growth. Read Full Article.

Zacks #1 Ranked Stocks have generated an average annual return of 31.8% since 1988. Every day we highlight four new Zacks Rank Buy stocks on the Zacks.com home page. Discover the Four Stocks we are Recommending Now!

Related terms: acquisition, consumer, debt, earnings, environment, investment opinion, market, revenue, sales