Zacks Upgrades and Revisions Strategy highlights: Allied Waste, Central European Media Enterprises, HMS Holdings and TBS International

CHICAGO--(BUSINESS WIRE)--Earnings estimate revisions are the most powerful force impacting stock prices. Couple that with the proven benefits of upgrades in ratings from brokerage firms and you have a strategy that delivered a +23.3 return in 2006. Four stocks meeting this screen’s exclusive criteria are: Allied Waste Industries Inc. (NYSE: AW), Central European Media Enterprises Ltd. (NASDAQ: CETV), HMS Holdings Corp. (NASDAQ: HMSY) and TBS International Limited (NASDAQ: TBSI). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844

Here are details on four companies currently identified by the Upgrades and Revisions Profit Track:

Allied Waste Industries Inc. (NYSE: AW) qualifies for this profit track with historical EPS growth of 17.82% over the past 5 years and a recent EPS surprise of 12.50%. The screen calls for 5-year historical EPS growth greater than 17% and an EPS surprise of greater than 10% in its most recent quarter. AW’s second quarter EPS amounted to 27 cents per share, compared to 15 cents a year earlier. The Zacks #2 Rank company is a non-hazardous solid waste management company that provides collection, transfer, recycling and disposal services.

Central European Media Enterprises Ltd. (NASDAQ: CETV), a Zacks #1 Rank company, earned its place on this profit track with 5-year historical EPS growth of 81.36% and an EPS surprise of 20.61%. In the second quarter, CETV’s year-over-year net earnings increased to $1.58 per share from 83 cents per share, while analysts expected $1.31. CETV invests in, develops and operates national and regional commercial television stations and networks.

HMS Holdings Corp. (NASDAQ: HMSY) enjoys 5-year historical EPS growth of 20.74%. For the second quarter, this Zacks #1 Rank company reported earnings of 19 cents, which exceeded analysts’ expectations of 15 cents. HMSY furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors.

TBS International Limited (NASDAQ: TBSI) is a Zacks #1 Rank company that reported solid second quarter earnings of $1.82 per share, marking an EPS surprise of 11.66%. TBSI satisfies this screen’s parameters with a per share price of $15.35 and a historical EPS growth rate 85.70% over the past 5 years. TBSI is an ocean transportation services company that offers worldwide shipping solutions through liner, parcel, bulk and vessel chartering services.

Discover all the current stocks currently on the Upgrades and Revisions Profit Track at: http://at.zacks.com/?id=1869

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838.

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=4616

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