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 energy equipment supplier Chart Industries (NASDAQ:GTLS) jumped 10% today, after reporting earnings.
So what: Fourth quarter revenue jumped 38% from a year ago. to $303.9 million, and was ahead of estimates of $277.6 million. On the bottom line, adjusted earnings per share improved to $0.80, from $0.51 a year ago, and were also ahead of the $0.76 estimate.
Now what: The company is leveraging a growing LNG market, which will drive results for a few years. Considering the forward P/E ratio of 21, and the level of growth in appealing markets, the stock is fairly priced, even after today's jump. I'd like to buy in on a pullback after today's pop, but long-term, I think Chart is on the right track and shares will continue to move higher.
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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.