Mar 25, 2016

Posted by in Stock Reports | 0 Comments

3 Companies Report EPS Beat – GameStop Corp. (NYSE:GME), Winnebago Industries, Inc. (NYSE:WGO), Accenture Plc (NYSE:ACN)

3 Companies Report EPS Beat – GameStop Corp. (NYSE:GME), Winnebago Industries, Inc. (NYSE:WGO), Accenture Plc (NYSE:ACN)

Earnings season is Wall Street’s equivalent to a school report card. It happens four times per year; publicly traded companies in the U.S. are required by law to report their financial results on a quarterly basis. Most companies follow the calendar year for reporting, but they do have the option of reporting based on their own fiscal calendars.

Although it is important to remember that investors look at all financial results, you might have guessed that earnings (or EPS) are the most important number released during earnings season, attracting the most attention and media coverage. Before earnings reports come out, stock analysts issue earnings estimates – what they think earnings will come in at. These forecasts are then compiled by research firms into the “consensus earnings estimate”.

GameStop Corp. (NYSE:GME) posted a negative earnings surprise of 6.6667% when it released quarterly results on 3/24/16. It earned $2.40 per share versus the mean forecast of $2.25. The stock recently closed by the decrease of -0.33% to $30.27. The trading volume at ready counter moved to 4.49 million shares as compared to 2.29 million shares average traded volume. Its market capitalization has now reached to $3.19 billion.

Winnebago Industries, Inc. (NYSE:WGO) recently brought negative earnings surprise of 6.0606% as, on 3/24/16, it reported EPS of $0.35 versus the consensus estimate of $0.33. The stock closed at $21.31 on when approximately 471,439 shares were traded, against the average daily trading volume of 262,414. The stock failed to get pushed above the $21.45 barrier, the intraday high. Its 52-week high is $24.73 and so far in this year the stock has moved up 3.65%.

Accenture Plc (NYSE:ACN), on 3/24/16, reported that its EPS was $0.83 compared with the average expectation for $0.80 a share. The difference between its actual earnings and forecasted EPS was 3.7500%. The share price of Accenture Plc (NYSE:ACN)was up 6.21% from the previous closing rate after touching an intraday high of $114.43. The stock’s low point in its 52 week range is $88.43 per share, with $114.43 as the 52 week high point — that compares with a last trade of $114.35. Trading volume was at 6.47 million shares versus an average volume of 2.92 million shares.

 

 

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