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EJ >> in the technical BUY POINT
Strong Grouwth and Fundamentals

E House China Holdings Ltd. (NYSE: EJ - News) reported better than expected third-quarter results on Nov 17 and offered bullish guidance that has since pushed estimates higher.

Third-Quarter Results

Sales were up 119% from last to $86.2 million. Earnings also came in strong at 43 cents per share, 12 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last four quarters by an average of 6 cents, or 44%.

E House CEO Xin Zhou said that he is confident the company will maintain its strong growth trajectory as the Chinese economy continues to boom on both organic growth and government monetary and stimulus policy.

Estimates Jump

Analysts agree, with the current-year estimate adding 26 cents in the last week to $1.22. The next-year estimate is pegged at $1.51, a 24% growth projection.

Valuation

With estimates up, valuations look attractive. Shares are trading with a forward P/E of 15X, a discount to the overall market with the nice growth projection in tow.