There's nothing quite like Thanksgiving to remind me to always be grateful for companies that trounce analyst profit targets. These are usually pretty special companies, until Wall Street figures out how to truly gauge their earnings-producing power.
Let's take a look at a few of these beaters that humbled the prognosticators this past week.
We'll start with Lowe's
Lowe's got there despite logging a 4% decline in same-store sales and a historically anemic 6% spurt in sales. However, an ambitious share buyback and improving margins helped grow things nicely for the retailer. It's holding up pretty well, considering the sluggish real estate market into which it feeds.
Soupy sales also drove Campbell Soup
Then we have Dell Computer
We can't be naive. Profits still fell from the period. However, between the improving corporate economy and the rollout of Windows Vista, it's easy to get excited about Dell's prospects as a turnaround play at this point.
Keep watching the companies that lap expectations. Over time, as the market rewards the overachievers, it should prove a rewarding experience for investors. That's the kind of surprise we look for in the Rule Breakers newsletter service. Want in? Check out a 30-day trial subscription.
Either way, come back next Monday to learn about more stocks that blew the market away.
Longtime Fool contributor Rick Munarriz is a fan of toppers. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Foo l has a disclosure policy.
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