Huge Move In Arctic Cat After Strong Earnings (ACAT)

Shares of Arctic Cat

are having a huge day after the company reported better than expected earnings. ACAT reported earnings per share of $0.50 compared to analysts' consensus estimates of $0.14. Revenues were up 16% year over year. During Thursday's trading session, ACAT shares have surged 18% to $16.19. Over the last 6 months, ACAT has jumped almost 59%. The stock trades at a trailing P/E of 46.5, a forward P/E of 23.53 and a PEG ratio of 2.65.