Shareholders of iSelect Ltd (ASX: ISU) had a rocky start to the year, but things have certainly improved a great deal since then. Today the company reported a 34% increase in statutory net profit after tax to $12.9 million, sending its share price higher by around 8%.

Whilst this brings the year to date return to a market-beating 26%, it is worth remembering that its shares dropped around 35% at the start of the year. In fact, its shares have now climbed an astonishing 112% since January 12.

The product comparison company’s shares were sold off in January after it provided a trading update to the market advising that it expected full year earnings before interest and tax (EBIT) in the range of $15 million to $18 million.

Issues ranging from increasing staff numbers to falling sales, and a lack of spend on new technology were reasons for the reduced profit outlook according to the new CEO Scott Wilson.

However, it comfortably delivered on its guidance and posted full year EBIT of $16.9 million, excluding restructuring costs of $2.9 million. Better yet it looks set to carry on the momentum from the strong second half into FY 2017.

Wilson stated that:

“We are seeing strong growth across all our existing businesses, including newly launched credit cards. With travel insurance and mobiles coming soon, our expanded product and service offering will better meet the constantly evolving needs of our customers.”

For FY 2017 the company is targeting EBIT in the range of $21 million to $24 million, representing impressive EBIT growth of 24% to 42%.

With earnings per share coming in 38% higher at 5.1 cents, iSelect’s shares are currently changing hands at 28x full year earnings. This puts it at a slight discount to other online-only tech shares such as Carsales.Com Ltd (ASX: CAR) and SEEK Limited (ASX: SEK) which are trading at around 30x earnings currently.

In my opinion this could represent a reasonable entry point for investors looking at making a long-term investment today.

Lastly, if you're looking for even more investment ideas I would highly recommend taking a look at these three new breed blue chip shares. Each pays a solid, growing, fully franked dividend and could climb higher in the months ahead in my opinion.

Why These 3 Blue Chip Shares Are Set to Soar in 2016

Discover The Motley Fool's Top 3 blue chips for 2016. These 3 'new breed' shares pay fully franked dividends AND offer the prospect of significant capital appreciation. Simply click here to gain access to this comprehensive FREE investment report.

No credit card required!

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.