HSN, Inc. - Aggressive Growth

HSN, Inc. (HSNI) analysts continue to raise their outlook, creating excellent growth rates and valuations.

Company Description

HSN, Inc. is a retailer that operates several television stations to sell directly to customers. Products can also be purchased online, through catalogs or at brick and mortar locations.

Outstanding Growth Rates

Estimates continue to inch higher. The Zacks Consensus Estimate for this year is up a dime in the past couple months, to $1.82. Next year's forecasts are up 7 cents to $2.20.

Given the $1.27 HSN earned in 2009, the growth rates are 43% for this year and another 21% in 2011.

Good Valuations

Shares of HSNI are trading at 16 times forward earnings and with a PEG ratio of 0.8, both are better than the industry average. The price to sales ratio is a respectable 0.6.

Another Surprise

HSN Inc has topped the Zacks Consensus Estimate in each quarter since we started keeping tabs on the company over a year ago. The most recent came on Aug 4 when the company reported EPS of 39 cents, 6 cents better than expected.

Sales were up 8% in the period, to $690 million.

The Chart

Despite the consistently improving earnings outlook, shares are essentially flat since March. This just leaves even better valuations and a good long-term entry point.

Read the March 12th Feature Here

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service

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