Mar 8, 2016

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3 Stocks Recently Produced Positive Earnings Surprises: Imation Corp. (NYSE:IMN), Flex Pharma Inc (NASDAQ:FLKS), Seaspan Corporation (NYSE:SSW)

3 Stocks Recently Produced Positive Earnings Surprises: Imation Corp. (NYSE:IMN), Flex Pharma Inc (NASDAQ:FLKS), Seaspan Corporation (NYSE:SSW)

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.

Imation Corp. (NYSE:IMN) recently brought positive earnings surprise of -55.1724% as, on 3/8/15, it reported EPS of -$0.13 versus the consensus estimate of -$0.29. The stock closed at $1.32 on when approximately 436,612.00 shares were traded, against the average daily trading volume of 212,137.00. The stock failed to get pushed above the $1.33 barrier, the intraday high. Its 52-week high is $4.75 and so far in this year the stock has moved down -3.65%.

Flex Pharma Inc (NASDAQ:FLKS) posted a positive earnings surprise of -8.9286% when it released quarterly results on 3/8/16. It earned -$0.51 per share versus the mean forecast of -$0.56. The stock recently closed by the increase of +4.86% to $7.55. The trading volume at ready counter moved to 58,645.00 shares as compared to 73,323.00 shares average traded volume. Its market capitalization has now reached to $134.36 million.

Seaspan Corporation (NYSE:SSW), on 3/7/16, reported that its EPS was $0.35 compared with the average expectation for $0.30 a share. The difference between its actual earnings and forecasted EPS was 16.6667%. The share price of Seaspan Corporation (NYSE:SSW) was down -0.27% from the previous closing rate after touching an intraday high of $18.41. The stock’s low point in its 52 week range is $13.67 per share, with $20.87 as the 52 week high point — that compares with a last trade of $18.31. Trading volume was at 247,501.00 shares versus an average volume of 274,176.00 shares.


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