Why FutureFuel (FF) Is Popping After Hours

NEW YORK (TheStreet) -- FutureFuel (FF) is soaring in extended trading after reporting a fourth quarter above analysts' expectations.

After the bell, shares had added 20.4% to $21.15.

In the three months to December, the biodiesel producer posted net income of $26.5 million, or 61 cents a share, from $6.2 million, or 15 cents a share, in the year-ago quarter. Analysts surveyed by Thomson Reuters had forecast net income of $9.85 million or 23 cents a share.

Revenue climbed 68% year over year to $125.6 million. Analysts had expected sales of $75.15 million.

Over fiscal 2013, net income of $1.71 a share beat expectations by 39 cents and revenue of $444.9 million was $50.45 million higher than estimates.

"FutureFuel enjoyed strong performance in both our chemical and biodiesel business lines. Market conditions combined with superior execution resulted in record revenue and profits for 2013," said FutureFuel president Lee Mikles in a statement.

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TheStreet Ratings team rates FUTUREFUEL CORP as a Buy with a ratings score of A+. The team has this to say about their recommendation:

"We rate FUTUREFUEL CORP (FF) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

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