Zacks Buy List highlights Bucyrus for its average 15.6% earnings suprise over the past four quarters. The research company also notes that this year's earning estimates rose 39 cents to $5.14 during the past two months. A strong demand for commodities and global economic strength have helped BUCY increase sales.
73% of BUCY's revenue are generated by coal mining companies. With oil prices rising to and above $100, alternative sources of energy such as coal become more appealing. With demand and price rising, coal production increases. Bucyrus benefits from rising production, because the mining companies need more equipment and servicing of utilized mining equipment.