MWI Veterinary Supply (MWIV) - Bull of the Day

MWI Veterinary Supply (MWIV) reported third-quarter EPS of $0.74, surpassing the Zacks Consensus Estimate of $0.59 and the year-ago earnings of $0.54. We are pleased to note that based on a strong quarter, the company raised its guidance for 2010.

In spite of a highly fragmented veterinary market, MWI has been able to maintain strong sales growth. The company has witnessed substantial market share gains, encompassing both new as well as existing customers. Through its acquisition of UK-based Centaur Services, MWI is looking to expand its presence in the international market.

Based on the execution skill of the company and strong outlook, we raised estimates for 2010 and 2011. We also upgrade the stock to an Outperform recommendation.
 
MWI VET SUPPLY (MWIV): Free Stock Analysis Report
 
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