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What: Shares of specialty chemical products maker H.B. Fuller
So what: Driven by improving industrywide demand, H.B. Fuller posted earnings of $0.44 per share versus analyst expectations of $0.40 per share. More importantly, management believes positive momentum will carry well into 2011, prompting a full-year profit forecast of $1.75 to $1.85 per share on top-line growth of 8% to 10% -- well above the average analyst estimate of just $1.70 in per-share earnings on a 6% jump in revenue.
Now what: H.B. Fuller shares remain a decent value opportunity. They might be rallying today, but when you factor in management's new guidance, H.B. Fuller still trades at a reasonable forward P/E of about 12.5. That also represents a slight discount to rivals 3M
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