Mar 11, 2016

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3 Stocks Recently Produced Positive Earnings Surprises: VeriFone Systems Inc (NYSE:PAY), Canadian Solar Inc (NASDAQ:CSIQ), Dollar General Corp (NYSE:DG)

3 Stocks Recently Produced Positive Earnings Surprises: VeriFone Systems Inc (NYSE:PAY), Canadian Solar Inc (NASDAQ:CSIQ), Dollar General Corp (NYSE:DG)

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.

VeriFone Systems Inc (NYSE:PAY) recently brought positive earnings surprise of 4.3478% as, on 3/10/16, it reported EPS of $0.48 versus the consensus estimate of $0.46. The stock closed at $26.57 on when approximately 2.73 million shares were traded, against the average daily trading volume of 1.24 million. The stock failed to get pushed above the $26.87 barrier, the intraday high. Its 52-week high is $39.25 and so far in this year the stock has moved down -5.21%.

Canadian Solar Inc (NASDAQ:CSIQ) posted a positive earnings surprise of 38.1579% when it released quarterly results on 3/10/16. It earned $1.05 per share versus the mean forecast of $0.76. The stock recently closed by the decrease of -13.21% to $18.89. The trading volume at ready counter moved to 11.43 million shares as compared to 2.37 million shares average traded volume. Its market capitalization has now reached to $1.08 billion.

Dollar General Corp (NYSE:DG), on 3/10/16, reported that its EPS was $1.30 compared with the average expectation for $1.26 a share. The difference between its actual earnings and forecasted EPS was 3.1746%. The share price of Dollar General Corp (NYSE:DG) was up +10.64% from the previous closing rate after touching an intraday high of $83.28. The stock’s low point in its 52 week range is $59.75 per share, with $83.28 as the 52 week high point — that compares with a last trade of $83.21. Trading volume was at 10.64 million shares versus an average volume of 2.95 million shares.

 

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