NEW YORK ( TheStreet) -- Mobile Mini Inc (Nasdaq: MINI) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 2.0%. Since the same quarter one year prior, revenues rose by 12.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Services & Supplies industry. The net income increased by 77.9% when compared to the same quarter one year prior, rising from $5.47 million to $9.73 million.
  • Net operating cash flow has significantly increased by 116.74% to $30.43 million when compared to the same quarter last year. In addition, MOBILE MINI INC has also vastly surpassed the industry average cash flow growth rate of -1.85%.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • MOBILE MINI INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MOBILE MINI INC reported lower earnings of $0.31 versus $0.65 in the prior year. This year, the market expects an improvement in earnings ($0.76 versus $0.31).

Mobile Mini, Inc. provides portable storage solutions in North America, the United Kingdom, and the Netherlands. The company has a P/E ratio of 171, above the average diversified services industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7. Mobile Mini has a market cap of $832 million and is part of the services sector and diversified services industry. Shares are down 0.7% year to date as of the close of trading on Monday.

You can view the full Mobile Mini Ratings Report or get investment ideas from our investment research center.
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