Mar 10, 2016

Posted by in Stock Reports | 0 Comments

These Stocks Delivered Negative Earnings Surprise: Cross Country Healthcare Inc (NASDAQ:CCRN), Enzo Biochem Inc (NYSE:ENZ), Hovnanian Enterprises Inc (HOV)

These Stocks Delivered Negative Earnings Surprise: Cross Country Healthcare Inc (NASDAQ:CCRN), Enzo Biochem Inc (NYSE:ENZ), Hovnanian Enterprises Inc (HOV)

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.

Cross Country Healthcare Inc (NASDAQ:CCRN) posted a negative earnings surprise of 5.2632% when it released quarterly results on 3/9/16. It earned $0.18 per share versus the mean forecast of $0.19. The stock recently closed by the increase of +1.96% to $14.03. The trading volume at ready counter moved to 528,553.00 shares as compared to 366,413.00 shares average traded volume. Its market capitalization has now reached to $452.74 million.

Enzo Biochem Inc (NYSE:ENZ) recently brought negative earnings surprise of -16.6667% as, on 3/9/16, it reported EPS of -$0.07 versus the consensus estimate of -$0.06. The stock closed at $4.31 on when approximately 122,947.00 shares were traded, against the average daily trading volume of 104,619.00. The stock failed to get pushed above the $4.40 barrier, the intraday high. Its 52-week high is $5.09 and so far in this year the stock has moved down -4.22%.

Hovnanian Enterprises Inc (NYSE:HOV), on 3/9/16, reported that its EPS was -$0.11 compared with the average expectation for -$0.03 a share. The difference between its actual earnings and forecasted EPS was -266.6667%. The share price of Hovnanian Enterprises Inc (NYSE:HOV) was down -16.19% from the previous closing rate after touching an intraday high of $1.74. The stock’s low point in its 52 week range is $1.19 per share, with $3.76 as the 52 week high point — that compares with a last trade of $1.48. Trading volume was at 5.94 million shares versus an average volume of 1.71 million shares.

 

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