Wabash National Corporation (WNC - Snapshot Report) recently raised its 2014 full year guidance as business remained strong. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits in both 2014 and 2015.

Wabash National, headquartered in Indiana, makes semi trailers and liquid transportation systems, including dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, intermodal equipment and engineered products.

Raised Full Year Guidance

On Jan 14, ahead of its earnings announcement on Feb 3, Wabash National announced it was raising its full year guidance.

Its previous guidance for new trailers was 54,500 to 56,000 for the year. But due to stronger than anticipated customer pick-ups in all areas of the business, full year new trailer shipments exceeded 57,300.

Net sales jumped 14% to $1.86 billion.

Wabash anticipated earnings to be in the range of $0.83 to $0.85. The Zacks Consensus has been looking for $0.79.

As a result of the guidance, analysts moved to raise full year estimates. 6 were up since January 14 which pushed the Zacks Consensus up to $0.86, or 1 penny above the guidance range.

That is earnings growth of 22.1%.

The analysts are also bullish about 2015 before the earnings results and confence call. 5 estimates have been raised for 2015 since January 14.

Analysts expect another record year with earnings growing 16.1%.

Shares Moving Higher in 2015

This is a company that just goes about its business in America's heartland without any glory. Yet its fundamentals are very solid, including a strong backlog. Shares have been trending higher in 2015 but are still under the highs of 2014.

Still, it trades with an attractive valuation as its forward P/E is just 12.8. That is well under the average of the S&P 500 (SPY) of 17.1.

Wabash also has a price-to-sales ratio of just 0.5. A P/S ratio under 1.0 usually indicates a company is undervalued.

And with its earnings growth but low P/E, it also has a PEG ratio of 0.6. It's rare to find both value and growth in the same company. That's a powerful combination.

If you're looking for value and growth plus a bullish 2015 outlook, Wabash National is one to keep on your short list.