Top Five Mid-Cap Companies
08/02/07 - 01:37 PM EDT
TheStreet.com Ratings Staff
Chicago Bridge & Iron Company(CBI Quote - Cramer on CBI - Stock Picks), which operates as an engineering, procurement, and construction company, has been rated buy since August 2006. While the company has shown low profit margins, Chicago Bridge & Iron recently reported that second-quarter revenue climbed 36% to $1.01 billion. The company raised its 2007 full-year earnings forecast in line with Wall Street estimates, and now expects to earn between $1.50 a share to $1.65 a share on revenue ranging from $4 billion to $4.3 billion. This is an increase from earlier guidance of $1.35 a share to $1.50 a share on revenue of $3.8 billion to $4.1 billion. Wall Street is expecting the company to earn $1.63 a share on $4 billion in revenue. In July, Chicago Bridge & Iron said it had been awarded a $200 million contract by Southern LNG to expand a liquid natural gas terminal near Savannah, Ga.
McDermott International(MDR Quote - Cramer on MDR - Stock Picks), which operates as an energy services company, had been rated a buy since May 2006. The company has demonstrated robust revenue growth, solid stock price performance, and an impressive record of earnings per share growth. McDermott International reported that its first-quarter profit nearly tripled, climbing to $158.1 million, or $1.38 a share, from $55.3 million, or 49 cents a share, a year ago. Revenue increased to $1.36 billion, up from the year-ago figure of $644.9 million, primarily due to strong sales at the company's subsidiary, Babcock & Wilcox, which emerged from bankruptcy and was reconsolidated with the company.
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