Mar 7, 2016

Posted by in Stock Reports | 0 Comments

3 Stocks Recently Produced Positive Earnings Surprises: Big Lots Inc (NYSE:BIG), Cytori Therapeutics Inc (NASDAQ:CYTX), Mentor Graphics Corp (NASDAQ:MENT)

3 Stocks Recently Produced Positive Earnings Surprises: Big Lots Inc (NYSE:BIG), Cytori Therapeutics Inc (NASDAQ:CYTX), Mentor Graphics Corp (NASDAQ:MENT)

When a company beats this estimate it’s called an earnings surprise, and the stock usually moves higher. If a company releases earnings below these estimates it is said to disappoint, and the price typically moves lower. All this makes it hard to try to guess how a stock will move during earnings season: it’s really all about expectations.

Investors care about earnings because they ultimately drive stock prices. Strong earnings generally result in the stock price moving up (and vice versa). Sometimes a company with a rocketing stock price might not be making much money, but the rising price means that investors are hoping that the company will be profitable in the future – of course, there are no guarantees that the company will fulfill investors’ current expectations.

Big Lots Inc (NYSE:BIG) recently brought positive earnings surprise of 1.0101% as, on 3/4/16, it reported EPS of $2.00 versus the consensus estimate of $1.98. The stock closed at $42.90 on when approximately 1.79 million shares were traded, against the average daily trading volume of 42,800.00. The stock failed to get pushed above the $43.97 barrier, the intraday high. Its 52-week high is $51.11 and so far in this year the stock has moved up 11.31%.

Cytori Therapeutics Inc (NASDAQ:CYTX) posted a positive earnings surprise of -50.0000% when it released quarterly results on 3/3/16. It earned -$0.02 per share versus the mean forecast of -$0.04. The stock recently closed by the decrease of -7.71% to $0.189. The trading volume at ready counter moved to 1.88 million shares as compared to 1.37 million shares average traded volume. Its market capitalization has now reached to $34.06 million.

Mentor Graphics Corp (NASDAQ:MENT), on 3/3/16, reported that its EPS was $0.63 compared with the average expectation for $0.47 a share. The difference between its actual earnings and forecasted EPS was 34.0426%. The share price of Mentor Graphics Corp (NASDAQ:MENT) was down -1.45% from the previous closing rate after touching an intraday high of $20.82. The stock’s low point in its 52 week range is $16.10 per share, with $28.09 as the 52 week high point — that compares with a last trade of $19.70. Trading volume was at 4.94 million shares versus an average volume of 1.60 million shares.

 

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