Why FutureFuel (FF) Is Surging on Tuesday

NEW YORK (TheStreet) -- FutureFuel (FF) is soaring on Tuesday after posting better-than-expected quarterly results after the bell Monday.

By midmorning, shares had added 17% to $20.55.

The biodiesel producer reported net income of 61 cents a share in the three months to December, a 306% jump on the year-ago quarter's earnings. Analysts' estimates compiled by Thomson Reuters called for net income of 23 cents a share.

Revenue jumped 68% year over year to $125.6 million, well over analyst consensus of $75.15 million.

"We are committed to improve and position our company for future growth both organically as well coupled with strategic acquisitions when appropriate," said president Lee Mikles in a statement.

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates FUTUREFUEL CORP as a Buy with a ratings score of A+. TheStreet Ratings 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."

If you liked this article you might like

Future Fuel, Premier, Sturm Ruger: 3 Bargain Stocks Private Equity Should Grab

Here are 3 Stocks That Private Equity Would Consider Bargains

Is FutureFuel Corp. Ready to Hit the Gas?

Is FutureFuel Corp. Ready to Hit the Gas?

Is FutureFuel Corp. Ready to Hit the Gas?

Is FutureFuel Corp. Ready to Hit the Gas?

5 Stocks Poised for Big Breakouts