Aggressive Growth Stock: Libbey IncZacks Investmentupdated Oct 11, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Libbey Inc. (LBY) is trading near its 52-week high, yet still shows solid valuations and the growth outlook is fantastic.Company DescriptionLibbey makes glass, metal, ceramic and plastic tableware in the U.S. in addition to Mexico, China, Portugal and the Netherlands. The customers range from retail to foodservice and industrial uses.Estimates Still Surging The Zacks Consensus Estimate for 2010 is up 33 cents, to $1.12 since its original Zacks Rank Buy feature back on Jun 24. Next year's estimates are up 32 cents on average, to $1.50. Given the $1.47 loss in 2009, LBY looks like quite a turn around story.A Big Surprise Much of that spike is due to the quarterly results Libbey released on Jul 29. The company reported EPS of 56 cents, more than double the 27 cents that was expected, giving the company back-to-back surprises and 4 in the past 5 quarters. Second-quarter net sales rose 3.7% to $203 million, driven by a 29% jump in Mexico. Libbey's net income came in at $9.6 million, up sharply from $2.7 million one year ago.Valuations Shares of LBY can be tough to value, which is typical of small cap companies. While the forward P/E of 13 and the PEG of roughly 1.2 are solid, the real value is in the price to sales. Libbey's P/S is coming in at 0.31, which is well ahead of its peers that average about 0.6. Earnings can be extremely volatile for small cap stocks, so many analysts use a sales valuation as an alternative. The sales picture is usually much more stable, however it does not take into account other key factors like expenses.The Chart Shares of LBY are pressuring its 52-week high right now and have a very good chance of pushing through that level, given the strong momentum.Read the June 24thFeature HereBill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceLast Week's Aggressive Growth Zacks Rank Buy StocksAmerican Superconductor (AMSC) analysts continue to raise estimates, even as the company nears its next quarterly report. The growth rates and long-term outlook are fantastic for this Zacks #1 Rank (Strong Buy). Read Full Article.CarMax, Inc. (KMX) recently posted its seventh consecutive earnings surprise, sending shares to multi-year highs. Read Full Article.RC2 Corp (RCRC) analysts keep raising their estimate outlook and the company continues to top those expectations. Read Full Article.Thor Industries, Inc. (THO) shares surged to pressure the 52-week high after the recent earnings release. The company is atop its industry and is still trading with good valuations. Read Full Article. LIBBEY INC (LBY): Free Stock Analysis Report Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.