Net revenue increased 29.2% year-over-year during the latest fourth quarter and 38% for full-year 2010, while net income increased 76% year-over-year for the fourth quarter and 407% for full-year 2010.
The company opened 202 new hotels in 2010, bringing total count to 438. Management pegs the budget hotel chain's revenue guidance for full-year 2011 at 34%-38%.The stock received 100% buy ratings from the 10 analysts covering it, based on consensus estimates of analysts polled by Bloomberg. Analysts are optimistic and expect the stock to deliver 41% gains in the next year. The company is trading at 31.8 times its estimated 2011 earnings.