Mar 4, 2016

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These Stocks Delivered Negative Earnings Surprise: Staples, Inc. (NASDAQ:SPLS), H&R Block, Inc. (NYSE:HRB), Spark Networks Inc (NYSEMKT:LOV)

These Stocks Delivered Negative Earnings Surprise: Staples, Inc. (NASDAQ:SPLS), H&R Block, Inc. (NYSE:HRB), Spark Networks Inc (NYSEMKT:LOV)

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.

Staples, Inc. (NASDAQ:SPLS) posted a negative earnings surprise of 7.1429% when it released quarterly results on 3/4/16. It earned $0.26 per share versus the mean forecast of $0.28. The stock recently closed by the increase of 1.75% to $9.87. The trading volume at ready counter moved to 6.08 million shares as compared to 10.21 million shares average traded volume. Its market capitalization has now reached to $6.35 billion.

H&R Block, Inc. (NYSE:HRB) recently brought negative earnings surprise of -41.6667% as, on 3/3/16, it reported EPS of -$0.34 versus the consensus estimate of -$0.24. The stock closed at $32.90 on when approximately 2.82 million shares were traded, against the average daily trading volume of 2.94 million. The stock failed to get pushed above the $32.99 barrier, the intraday high. Its 52-week high is $37.35 and so far in this year the stock has moved down -1.23%.

Spark Networks Inc (NYSEMKT:LOV), on 3/3/16, reported that its EPS was -$0.05 compared with the average expectation for -$0.01 a share. The difference between its actual earnings and forecasted EPS was -400.0000%. The share price of Spark Networks Inc (NYSEMKT:LOV) was down -3.27% from the previous closing rate after touching an intraday high of $3.36. The stock’s low point in its 52 week range is $2.76 per share, with $5.10 as the 52 week high point — that compares with a last trade of $3.25. Trading volume was at 12,294.00 shares versus an average volume of 20,747.00 shares.

 

 

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