Sun Hydraulics Shares Popped: What You Need to Know (SNHY)

Sun Hydraulics Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of hydraulic component maker Sun Hydraulics (Nasdaq: SNHY ) is up 10% today after the company released better than expected earnings.

So what: Revenue rose 60% in the first quarter to $50.7 million as capital spending returned to a growth phase for the company. That top line growth flowed through to the bottom line, where earnings per share rose 185% to $0.57, crushing the $0.46 expectation from analysts.

Now what: Outlook for the second quarter of $53 million in revenue and earnings per share between $0.57 and $0.60 also topped expectations so Sun hit the earnings trifecta. Considering the strong expectations this quarter's results don't look like a one-time event. Sun Hydraulics already hit a new 52-week high today and I think these results will help propel the company even higher.

Interested in more info on Sun Hydraulics? Add it to your watchlist.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Sun Hydraulics is a Motley Fool Hidden Gems pick. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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